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Where Have All the Young Firms Gone?
Where Have All the Young Firms Gone?
Abstract
The new BDS data release shows that, in 2010, 394,000 startups created 2.3 million jobs (these were not simply establishment openings but new firms whose establishments also were new to the economy). This reflects substantial job creation in a time of anemic overall economic activity. Over the same period from March 2009 to March 2010,4 the net job creation from all U.S. private sector firms was -1.8 million jobs. Without the contribution of business startups, the net employment loss would have been substantially greater.
Page Last Revised - October 8, 2021
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