U.S. Startups Create Jobs at Higher Rates, Older Large Firms Employ Most Workers

Business Dynamics Statistics trace evolution of job growth, employment at U.S. firms over four decades. Learn more in this story.

America Counts: Stories Behind the Numbers U.S. Startups Create Jobs at Higher Rates, Older Large Firms Employ Most Workers The evolution of job growth and employment in the U.S. economy over the past four decades has been characterized by two important but seemingly contradictory facts: Young start-up businesses have been a key driver of economic growth, yet more and more of the American workforce has become concentrated at older, more mature firms. This window into the nation's economic trends comes from the U.S. Census Bureau's Business Dynamics Statistics (BDS), which provide annual measures of establishment openings and closings, firm startups and shutdowns, and job creation and loss. Read More The BDS paints a portrait of the constantly evolving and dynamic U.S. economy over time and provides information on the contributions to employment changes across and within industries. These measures are available for the entire economy and by industry (sector and 3-digit and 4-digit North American Industry Classification System or NAICS) and geography (state, county and metropolitan and micropolitan statistical areas). Continue reading to learn more about: Age and size of firms Increasing share of employment in older firms Employment concentrated in larger firms Retail "megafirms" Does age or size influence job creation more Help us spread the word about America Counts. Share this story on social media or forward it to a friend. Share This You May Be Interested Census Bureau Tool Illustrates Job-to-Job Flows: Local data on hiring shows how construction firms are growing their workforce. Learn More About America Counts America Counts tells the stories behind the numbers in a new inviting way. It features stories on various topics such as families, housing, employment, business, education, economy, emergency management, health, population, income and poverty. Contact our Public Information Office for media inquiries or interviews. Don't miss an America Counts story! Subscribe here.

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