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Business Dynamics Statistics: An Overview
Business Dynamics Statistics: An Overview
Abstract
The Business Dynamics Statistics (BDS) includes measures of establishment openings and closings, firm startups, job creation and destruction by firm size, age, and industrial sector, and several other statistics on business dynamics. The U.S. economy is comprised of more than 6 million establishments with paid employees. The population of these businesses is constantly churning—some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS series provides annual statistics on gross job gains and losses for the entire economy, and by industrial sector and state. These data track changes in employment at the establishment level, and thus provide a picture of the dynamics underlying aggregate net employment growth.
Page Last Revised - October 8, 2021
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