Building on a long-term trend, the nation's business startup rate fell below 8 percent for the first time in 2010, marking the lowest point on record for new firm births. New firms as a percentage of all firms continued a steady downward trend in 2010 – going from a high of 13 percent (as a percentage of all firms) in the 1980s to just under 11 percent in 2006 before making a steep decline to the 8 percent in 2010 – the most current year of data available.
This and other findings based on newly released data on U.S. firms and establishments with paid employees is included in the Census Bureau's Business Dynamics Statistics (BDS) briefing, released today. Partially funded by the Ewing Marion Kauffman Foundation, the BDS provides annual business data from 1976 to 2010.
To read the full, original article click on this link: Number of New Firms Continues to Slide, According to New Census Bureau Data
