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Business Dynamics Statistics of Single Unit Firms?Experimental Data Product Released
Today the U.S. Census Bureau released an expansion of the?Business Dynamics Statistics?data product. The?Business Dynamics Statistics of Single Unit Firms (BDS-SU)?is an?experimental data product?that?provides quarterly data showing year-over-year changes in employment for businesses that operate in one location and file their taxes under a single Employer Identification Number (EIN).?
These data have numerous advantages:
- Simplified reporting of business characteristics since age and size are the same for the firm and the establishment;
- More precise dating of business entry and exit during the year;
- Ability to capture large temporary disruptions to the economy that happen in a single year, such as the 2020 COVID-19 pandemic recession or a natural disaster;
- The inclusion of payroll allows BDS-SU to calculate payroll creation and destruction in an analogous manner to employment.?
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The BDS-SU?data tables show key economic data:
- Total number of firms
- Total employment and payroll
- Number of firms opening and closing
- Jobs and payroll created by continuing firms and new firms
- Jobs and payroll destroyed by continuing firms and closing firms
- Net jobs and payroll creation
- Payroll per employee for continuing, new, and exiting firms
The BDS-SU?provides quarterly statistics for 2007 to 2020 by:
- Economy-wide
- Firm Age
- Firm Size
- NAICS Sector
- NAICS 3-digit Industry
- NAICS 4-digit Industry
- State
- Metro/Non-Metro
- MSA
- County
Data tables can be accessed at?https://www.census.gov/programs-surveys/ces/data/public-use-data/experimental-bds/bds-single-unit/data.html?and methodology can be accessed at?https://www.census.gov/programs-surveys/ces/data/public-use-data/experimental-bds/bds-single-unit/methodology.html.
Please send questions and comments to?[email protected].
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About the Census Bureau
We serve as the nation?s leading provider of quality data about its people and economy.?The Census Bureau is the federal government's largest statistical agency. As the world?s premier statistical agency, we are dedicated to making our nation a better place. Policy-makers, businesses, and the public use our data to make informed decisions.
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