Overview

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 over 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 are constantly replenishing this pool. The BDS series provide annual statistics on gross job gains and losses for the entire economy and by industrial sector, state, and MSA. These data track changes in employment at the establishment level, and thus provide a picture of the dynamics underlying aggregate net employment growth.

There is a longstanding interest in the contribution of small businesses to job and productivity growth in the U.S. Some recent research suggests that it is business age rather than size that is the critical factor. The BDS permits exploring the respective contributions of both firm age and size.

BDS is based on data going back through 1976. This allows business dynamics to be tracked, measured and analyzed for young firms in their first critical years as well as for more mature firms including those that are in the process of reinventing themselves in an ever changing economic environment.

https://www.census.gov/data/developers/data-sets/business-dynamics.html

Key Descriptions

Key List of... Comment Example Value
Net Job Creation int (Integer number) The sum of the Job Creation Rate minus the Job Destruction Rate. 46776
Net Job Creation Rate float (Decimal number) The sum of the Job Creation Rate and the Job Destruction Rate, minus the Net Job Creation Rate. 5.0
Reallocation Rate float (Decimal number) The sum of the Job Creation Rate and the Job Destruction Rate, minus the absolute Net Job Creation Rate. 31.0
Entered int (Integer number) The number of establishments that entered during this time. Entering occurs when an establishment did not exist in the previous year. 10634
Entered Rate float (Decimal number) The number of establishments that entered during this time divided by the number of establishments. Entering occurs when an establishment did not exist in the previous year. 17.2
Exited int (Integer number) The number of establishments that exited during this time. Exiting occurs when an establishment has positive employment in the previous year and zero this year. 8057
Exited Rate float (Decimal number) The number of establishments that exited during this time divided by the number of establishments. Exiting occurs when an establishment has positive employment in the previous year and zero this year. 13.1
Physical Locations int (Integer number) The number of establishments in this region during this time. 62852
Firm Exits.Count int (Integer number) The number of firms that exited this year. 5623
Establishment Exit int (Integer number) The number of establishments exited because of firm deaths. 5641
Job Destruction int (Integer number) The number of jobs destroyed as a result of firm deaths. 36602
Births int (Integer number) The number of jobs that were created because of firm births in the past year. 89869
Job Creation.Continuers int (Integer number) The number of jobs at continuing establishments that were created in the last yaer. 101653
Job Creation.Count int (Integer number) The number of jobs that were created in the last year. 191522
Job Creation.Rate float (Decimal number) The number of jobs that were created in the last year divided by the DHS denominator. The result is the rate at which jobs have been created. 20.5
Rate/Births float (Decimal number) The number of jobs that were created because a new firm born in the past year, divided by the DHS denominator. The result is the rate at which jobs have been created because of firm births. 9.6
Job Destruction.Continuers int (Integer number) The number of jobs at continuing establishments that were destroyed in the last year. 85855
Job Destruction.Count int (Integer number) The number of jobs that were destroyed in the last year. 144746
Deaths int (Integer number) The number of jobs that were destroyed because of firm deaths that were destroyed in the last year. 58891
Job Destruction.Rate float (Decimal number) The number of jobs that were destroyed in the last year divided by the DHS denominator. The result is the rate at which jobs have been destroyed. 15.5
Rate/Deaths float (Decimal number) The number of jobs that were destroyed because of firm deaths that were destroyed in the last year divided by the DHS denominator. The result is the rate at which jobs have been destroyed because of firm death. 6.3
DHS Denominator int (Integer number) The Davis-Haltiwanger-Schuh (DHS) denominator is the two-period trailing moving average of employment, intended to prevent transitory shocks from distorting net growth. In other words, this value roughly represents the employment for the area, but is resistant to sudden, spiking growth. 933909
Number of Firms int (Integer number) The number of firms in this state during this year. 52371
State str (Text) The state that this report was made for (full name, not the two letter abbreviation). "Alabama"
Year int (Integer number) The year that this report was made for. 1977


Key List of... Comment Example Value
State str (Text) The state that this report was made for (full name, not the two letter abbreviation). "Alabama"
Year str (Text) The year that this report was made for. "1977"