The US Census Bureau’s Business Dynamics Statistics (BDS) program last September released its estimates for the year 2014.
Startups’ share of all US firms dropped from 8.1% in 2013 to 8.0% in 2014. 403,900 new firms opened in 2014, down from 404,500 in 2013 and the startup rate remains below the 10.8% achieved in 2006 and only slightly above all-time low of 7.8% reached in the depths of the recession.
The rate was above 16% in 1977 as per the chart below and the Economic Innovation Group said that startups’ share of all US jobs rose slightly from the all-time low of 1.9% reached in 2013 to 2.1% in 2014. That figure remains low, however — equivalent to 2009 and 2011 levels and well below the 3.0% achieved before the latest recession, in 2006.
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By: Michael Hennigan, FinFacts
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