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Census Bureau Announces a New Product for Tracking Business Activity

News release: “The U.S. Census Bureau announces the release of the Business Dynamics Statistics (BDS), a data series that allows users to track annual changes in employment for growing and shrinking businesses at the establishment level. More than six million business establishments in the United States have paid employees. These businesses are dynamic, opening and closing as well as adding and losing employees. The BDS monitors this activity, tracking annual job creation and destruction at the establishment level, using elements not found in other databases such as firm age and size. These statistics aid in understanding current and historical entrepreneurial activity in the U.S.”

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