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U.S. Establishment Birth and Death Rates

Establishment births and deaths as a share of all employer establishments, each year (March to March), %

Birth rate: 10.6% in 2023the lowest since 2020+1.2 pp since 2018

Plays the chart through its history. Pauses are where the data set a record or moved most.

U.S. Census Bureau, Business Dynamics Statistics. Employer establishments (single locations with paid employees); each year runs March to March. A chain opening a store is a birth. Not comparable with Canada's monthly openings and closures, which count businesses and include temporary closures. Rates divide by the average of this year's and last year's establishments (the Census Bureau's measure).

The long decline in American business dynamism in one chart: the share of workplaces that are new each year has trended down since the late 1970s.

What this chart reads

Sources

U.S. Establishment Birth Rate (Annual). Source: U.S. Census Bureau, Business Dynamics Statistics (BDS), national time series (www2.census.gov/programs-surveys/bds). Public domain.

U.S. Establishment Death Rate (Annual). Source: U.S. Census Bureau, Business Dynamics Statistics (BDS), national time series (www2.census.gov/programs-surveys/bds). Public domain.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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