The U.S. Census Bureau released a new interactive tool designed to visualize the key economic findings found in the statistical agency’s most recent Business Dynamics Statistics report released in July. The Business Dynamics Statistics Visualization Tool spans four decades of information about America’s economy – providing key insights on job creation and loss during the most recent recession. Economic measures such as employment, number of establishments and number of firms can be analyzed for a single year or multiple years from 1977 to 2011.
The tool has three major components: an interactive thematic map for the 50 states, interactive bar charts that give side-by-side comparisons of states and business sectors as well as time series data comparisons over a range of time.
“We are providing a new and easy way for users to look at key economic trends about America’s economy by visualizing statistics over time,” said Thomas Louis, the associate director for research and methodology and chief scientist at the Census Bureau. “The latest Business Dynamics Statistics report shows older firms dominate the economy, new firms are entering the economy slowly, and there has been an overall decline in job creation in recent years.”
In partnership with the Ewing Marion Kauffman Foundation, the Census Bureau has produced annual data series for the Business Dynamics Statistics since 2008. Go HERE for more information on the Business Dynamics Statistics program.
Find guidance on how to use the visualization tool.
Showing posts with label business and economics. Show all posts
Showing posts with label business and economics. Show all posts
Wednesday, November 20, 2013
Wednesday, June 27, 2012
U.S. Employer Businesses Show Declines in Establishments and Employees in 2010
In 2010, U.S. businesses with paid employees numbered 7.4 million, a decline of 36,800 establishments from 2009, marking the third consecutive year of decline, according to the U.S. Census Bureau. In comparison, between 2008 and 2009 there was a decline of 168,000 establishments.
These findings are from County Business Patterns: 2010, which provides the only detailed annual information on the number of establishments, employees, and first-quarter and annual payroll for most of the 1,100 industries covered at the national, state and county levels. The statistics are broken down according to employment-size classes (for example, number of establishments with one to four employees) and legal form of organization (for example, corporations and partnerships).
In 2010, total employment from all sectors was 112.0 million, a decline of 2.5 million employees from 2009. In comparison, between 2008 and 2009 there was a decline of 6.4 million employees.
“This year’s release of the County Business Patterns shows the overall decline in employment is slowing,” said William G. Bostic Jr., associate director for economic programs at the Census Bureau. “In contrast, 2009 coincided with the height of the recession and showed higher declines in employment and establishments.”
Between 2009 and 2010, only Alaska showed a rise in employment from the previous year, having increased 0.7 percent. All other states showed declines in employment, led by Wyoming’s 4.5 percent decline from 2009.
Among the top 50 counties in the United States by number of establishments, the largest decline in total annual payroll was Los Angeles County, Calif., with a decrease of nearly $2 billion. This was a decrease of 1.1 percent from 2009. Only Kings County, N.Y., showed an increase in the number of employees with an additional 4,400 from the previous year.
The retail trade sector had the highest number of establishments (1.1 million). Next were professional, scientific and technical services (851,506); health care and social assistance (812,860); other services (except public administration) (725,488); construction (682,684); and accommodation and food services (643,960).
The construction sector showed the largest percentage decline in establishments, decreasing 4.2 percent from 2009 to 2010. The finance and insurance sector had the second largest decline, falling 3.2 percent from 2009 to 2010. The remaining top five sectors that showed the largest decline in establishments were manufacturing (2.9 percent), management of companies and enterprises (1.4 percent), and wholesale trade (1.2 percent).
Among industries that showed an increase in establishments, both utilities and health care and social assistance saw the largest increase, rising 1.7 percent from the previous year. The remaining top five industries that showed the largest increase in establishments were educational services (1.5 percent); accommodation and food services (1.4 percent); and professional, scientific, and technical services (1.1 percent).
These findings are from County Business Patterns: 2010, which provides the only detailed annual information on the number of establishments, employees, and first-quarter and annual payroll for most of the 1,100 industries covered at the national, state and county levels. The statistics are broken down according to employment-size classes (for example, number of establishments with one to four employees) and legal form of organization (for example, corporations and partnerships).
In 2010, total employment from all sectors was 112.0 million, a decline of 2.5 million employees from 2009. In comparison, between 2008 and 2009 there was a decline of 6.4 million employees.
“This year’s release of the County Business Patterns shows the overall decline in employment is slowing,” said William G. Bostic Jr., associate director for economic programs at the Census Bureau. “In contrast, 2009 coincided with the height of the recession and showed higher declines in employment and establishments.”
Between 2009 and 2010, only Alaska showed a rise in employment from the previous year, having increased 0.7 percent. All other states showed declines in employment, led by Wyoming’s 4.5 percent decline from 2009.
Among the top 50 counties in the United States by number of establishments, the largest decline in total annual payroll was Los Angeles County, Calif., with a decrease of nearly $2 billion. This was a decrease of 1.1 percent from 2009. Only Kings County, N.Y., showed an increase in the number of employees with an additional 4,400 from the previous year.
The retail trade sector had the highest number of establishments (1.1 million). Next were professional, scientific and technical services (851,506); health care and social assistance (812,860); other services (except public administration) (725,488); construction (682,684); and accommodation and food services (643,960).
The construction sector showed the largest percentage decline in establishments, decreasing 4.2 percent from 2009 to 2010. The finance and insurance sector had the second largest decline, falling 3.2 percent from 2009 to 2010. The remaining top five sectors that showed the largest decline in establishments were manufacturing (2.9 percent), management of companies and enterprises (1.4 percent), and wholesale trade (1.2 percent).
Among industries that showed an increase in establishments, both utilities and health care and social assistance saw the largest increase, rising 1.7 percent from the previous year. The remaining top five industries that showed the largest increase in establishments were educational services (1.5 percent); accommodation and food services (1.4 percent); and professional, scientific, and technical services (1.1 percent).
Friday, December 16, 2011
Make. An American Manufacturing Movement
In this global, consumer-oriented and knowledge-intensive economy, the
competitiveness of U.S. manufacturing has never been more uncertain or
important – nor have policy prescriptions been more contentious. All
Americans would benefit from getting this right. A new era of
manufacturing excellence offers hope for good jobs, new innovations and a
higher standard of living. America would benefit from faster economic
growth, a more secure industrial and defense base, and an ability to
produce solutions to national challenges in energy, health and
environment.
Link to full report.
Link to full report.
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