The .gov means it's official. Federal government websites often end in .gov or .mil. Before sharing sensitive information,
make sure you're on a federal government site.
The site is secure. The
https:// ensures that you are connecting to the official website and that any
information you provide is encrypted and transmitted securely.
18 percent of businesses opening in March 1994 remained open as of March 2017
November 01, 2018
In March 1994, a total of 569,419 business establishments opened, accounting for 4,132,450 jobs. As of March 2017, 102,360 of those establishments, or 18.0 percent, were still in business. After one year, 453,134 establishments of the 569,419 establishments opened in March 1994 remained open, representing a 79.6-percent survival rate.
Survival rates of establishments opened in 1994 and percent of initial employment for surviving establishments, March 1994–March 2017
Month
Survival rate of establishments
Percent of initial employment
Business establishments
Employment
Mar 1994
100.0%
100.0%
569,419
4,132,450
Mar 1995
79.6
100.2
453,134
4,140,239
Mar 1996
68.1
97.1
387,868
4,012,051
Mar 1997
60.6
95.5
345,155
3,947,376
Mar 1998
54.3
93.5
309,084
3,862,645
Mar 1999
49.6
90.1
282,484
3,721,580
Mar 2000
45.2
88.5
257,488
3,655,305
Mar 2001
41.5
84.9
236,094
3,506,596
Mar 2002
38.3
79.3
218,171
3,276,821
Mar 2003
35.7
75.4
203,484
3,117,464
Mar 2004
33.6
73.2
191,428
3,025,551
Mar 2005
31.8
71.7
180,909
2,962,831
Mar 2006
30.3
70.5
172,805
2,914,145
Mar 2007
28.7
69.1
163,477
2,856,566
Mar 2008
27.2
67.1
154,939
2,772,210
Mar 2009
25.5
61.4
145,109
2,535,759
Mar 2010
24.1
58.6
136,978
2,421,364
Mar 2011
23.0
58.2
130,986
2,403,881
Mar 2012
22.0
58.1
125,354
2,399,386
Mar 2013
21.2
57.7
120,593
2,383,994
Mar 2014
20.3
57.4
115,619
2,372,009
Mar 2015
19.5
57.0
111,183
2,355,817
Mar 2016
18.8
56.6
106,785
2,339,019
Mar 2017
18.0
56.1
102,360
2,320,271
In March 2017, the establishments that had been in business since March 1994 accounted for 2,320,271 jobs. This represented 56.1 percent of the employment associated with business establishments that first opened in March 1994. The 191,428 establishments that survived for 10 years had employment of 3,025,551 in March 2004, or 73.2 percent of the jobs associated with business establishments that first opened in March 1994.
When business establishments opened in March 1994, average employment per establishment was 7.3. In March 1995, while the number of establishments decreased from 569,419 to 453,134, employment for surviving establishments was slightly higher than March 1994 employment. This resulted in an average of 9.1 jobs per surviving establishment.
Average employment of surviving establishments, March 1994–March 2017
Month
Average employment per establishment
Employment
Number of business establishments
Mar 1994
7.3
4,132,450
569,419
Mar 1995
9.1
4,140,239
453,134
Mar 1996
10.3
4,012,051
387,868
Mar 1997
11.4
3,947,376
345,155
Mar 1998
12.5
3,862,645
309,084
Mar 1999
13.2
3,721,580
282,484
Mar 2000
14.2
3,655,305
257,488
Mar 2001
14.9
3,506,596
236,094
Mar 2002
15.0
3,276,821
218,171
Mar 2003
15.3
3,117,464
203,484
Mar 2004
15.8
3,025,551
191,428
Mar 2005
16.4
2,962,831
180,909
Mar 2006
16.9
2,914,145
172,805
Mar 2007
17.5
2,856,566
163,477
Mar 2008
17.9
2,772,210
154,939
Mar 2009
17.5
2,535,759
145,109
Mar 2010
17.7
2,421,364
136,978
Mar 2011
18.4
2,403,881
130,986
Mar 2012
19.1
2,399,386
125,354
Mar 2013
19.8
2,383,994
120,593
Mar 2014
20.5
2,372,009
115,619
Mar 2015
21.2
2,355,817
111,183
Mar 2016
21.9
2,339,019
106,785
Mar 2017
22.7
2,320,271
102,360
From March 1995 to March 2017, average employment per surviving establishment steadily increased from 9.1 to 22.7. In March 2017, in comparison to business establishments that first opened in March 1994, employment decreased by 1,812,179 and the number of establishments decreased by 467,059.
United States Department of Labor
