June 26, 2007
Who creates the most jobs: small businesses or large businesses? This subject has been widely discussed among economists and researchers and is often a topic of political debates citing the important role of small businesses in creating jobs.
New statistics from the BLS Business Employment Dynamics program provide data with which to analyze many of the size class methodological issues, and are a valuable data resource with which to answer these questions.
The following findings result from analysis of BLS firm size class data:
These data are from the Business Employment Dynamics program. Data presented here are for workers in private industry covered by State unemployment insurance programs. A firm is defined as an aggregation of establishments under common ownership by a corporate parent. An establishment is defined as an economic unit that produces goods or services, usually at a single physical location, and engages in one, or predominantly one, activity. Find out more in "Employment dynamics: small and large firms over the business cycle," by Jessica Helfand, Akbar Sadeghi, and David Talan, Monthly Labor Review, March 2007.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Small and large firms and job growth on the Internet at http://www.bls.gov/opub/ted/2007/jun/wk4/art02.htm (visited August 04, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.