Monday, October 19

Tag: business creation

Census Bureau: U.S. Startups Aren’t Creating Jobs Like They Used To
The Web

Census Bureau: U.S. Startups Aren’t Creating Jobs Like They Used To

U.S. startup companies — those founded within a given calendar year — aren’t creating jobs at the pace that U.S. startups have in the past, according to new Business Dynamics Statistics from the U.S. Census Bureau. In 2006, at their pre-recession peak, U.S. startups contributed 3.5 million new jobs compared to 1 million from firms 26 years or older. In 2013, the older companies again produced 1 million new jobs for the first time since 2006, but startup companies produced only 2.3 million. California startups produced more new jobs than startups nationally on average.         //