The U.S. Census Bureau released the Business Dynamics Statistics of Single Unit Firms (BDS-SU) experimental data product today. The BDS-SU provides year-over-year changes in employment for each quarter of the year for businesses that operate in one location and file their taxes under a single Employer Identification Number (EIN). This product relies on IRS quarterly tax filings to collect employment information for the pay periods including March 12th, June 12th, September 12th, and December 12th. Year-over-year employment changes are calculated between the same point in year t and year t-1 (i.e., June 12th year t-1 to June 12th year t, etc.). Employment growth is labeled as job creation and employment decline as job destruction. The quarterly statistics are available from 2007 Q1 to 2020 Q4.
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