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

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Field Descriptions

Key List of... Comment Example Value
Births Integer number The number of jobs that were created because of firm births in the past year. 89869
DHS Denominator 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
Deaths Integer number The number of jobs that were destroyed because of firm deaths that were destroyed in the last year. 58891
Entered 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 Real 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
Establishment Exit Integer number The number of establishments exited because of firm deaths. 5641
Exited 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 Real 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
Firm Exits.Count Integer number The number of firms that exited this year. 5623
Job Creation.Continuers Integer number The number of jobs at continuing establishments that were created in the last yaer. 101653
Job Creation.Count Integer number The number of jobs that were created in the last year. 191522
Job Creation.Rate Real 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
Job Destruction Integer number The number of jobs destroyed as a result of firm deaths. 36602
Job Destruction.Continuers Integer number The number of jobs at continuing establishments that were destroyed in the last year. 85855
Job Destruction.Count Integer number The number of jobs that were destroyed in the last year. 144746
Job Destruction.Rate Real 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
Net Job Creation Integer number The sum of the Job Creation Rate minus the Job Destruction Rate. 46776
Net Job Creation Rate Real number The sum of the Job Creation Rate and the Job Destruction Rate, minus the Net Job Creation Rate. 5.0
Number of Firms Integer number The number of firms in this state during this year. 52371
Physical Locations Integer number The number of establishments in this region during this time. 62852
Rate/Births Real 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
Rate/Deaths Real 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
Reallocation Rate Real number The sum of the Job Creation Rate and the Job Destruction Rate, minus the absolute Net Job Creation Rate. 31.0
State String The state that this report was made for (full name, not the two letter abbreviation). "Alabama"
Year Integer number The year that this report was made for. 1977