Census Bureau News: 2009 Business Dynamics Statistics (BDS)

WASHINGTON, March 23, 2011 /PRNewswire-USNewswire/ -- At the height of the 2008-2009 recession, the economy saw historically large declines in job creation from startup and existing firms. Nevertheless, the economy generated 14 million new jobs in the private sector during that period. This Census Bureau brief highlights the most recent update to the BDS, showing the difference between job creation and destruction in the U.S. during the most recent recession. It also provides some historical analysis, noting for example, a downward trend over the last few decades in job creation and destruction. These statistics are crucial to understanding current and historical entrepreneurial activity in the U.S. The BDS provides annual statistics from 1976 to 2009 by firm age and size. The Business Dynamics Statistics results from a collaboration between the U.S. Census Bureau's Center for Economic Studies and the Ewing Marion Kauffman Foundation, the largest American nonprofit organization that focuses on entrepreneurship. Internet address: http://www.ces.census.gov/docs/bds/plugin-BDS%20March%202011%20single_0322_FINAL.pdf.

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SOURCE U.S. Census Bureau