43.9 percent of private employment in business establishments at least 25 years old

January 04, 2019

In March 2018, 43.9 percent of private employment was in business establishments that opened before March 1993. Within the utilities industry, 73.1 percent of employment was in establishments that opened before March 1993.

Percentage of total employment by age of establishment, selected private industries, March 2018
Age of establishment Less than one year 1-8 years 9-16 years 17-24 years 25 years and over Total

Private

2.5% 18.5% 17.6% 17.5% 43.9% 100.0%

Utilities

0.7 6.4 7.7 12.2 73.1 100.0

Manufacturing

0.7 7.6 9.9 15.0 66.7 100.0

Management of companies and enterprises

1.0 7.6 10.5 17.6 63.2 100.0

Educational services

1.5 14.5 13.3 10.8 60.0 100.0

Healthcare and social assistance

1.8 16.0 15.4 15.1 51.6 100.0

Wholesale trade

1.8 15.5 15.6 16.4 50.7 100.0

Finance and insurance

1.5 13.2 16.8 19.3 49.2 100.0

Transportation and warehousing

2.0 17.9 16.5 16.4 47.2 100.0

Mining, quarrying, and oil and gas extraction

2.7 22.1 17.7 12.6 44.8 100.0

Arts, entertainment, and recreation

3.3 21.5 15.1 17.6 42.5 100.0

Information

2.3 16.4 17.9 21.6 41.8 100.0

Other services (except public administration)

3.2 23.2 18.0 14.7 40.9 100.0

Agriculture, forestry, fishing, and hunting

2.4 20.6 17.1 19.0 40.9 100.0

Construction

3.1 22.2 19.0 15.9 39.7 100.0

Retail trade

2.2 18.5 21.7 20.2 37.4 100.0

Professional, scientific, and technical services

2.8 23.0 20.1 19.6 34.5 100.0

Real estate and rental and leasing

3.6 26.2 19.9 16.8 33.4 100.0

Administrative and waste services

2.5 23.0 21.5 22.2 30.8 100.0

Accommodation and food services

4.7 28.4 22.3 18.7 25.9 100.0

In March 2018, additional industries with 60 percent or more of total employment in establishments that opened before March 1993 include manufacturing (66.7 percent), management of companies and enterprises (63.2 percent), and educational services (60.0 percent).

Business establishments opened for less than one year in March 2018 employed 2.5 percent of total private employment. Among those who worked in the accommodation and food services industry, 4.7 percent worked in establshments opened for less than 1 year. This compared with 0.7 percent of total employment for utilities and manufacturing.

These data are from the Business Employment Dynamics program. Also see charts related to the latest "Business Employment Dynamics" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 43.9 percent of private employment in business establishments at least 25 years old on the Internet at https://www.bls.gov/opub/ted/2019/43-point-9-percent-of-private-employment-in-business-establishments-at-least-25-years-old.htm (visited March 23, 2019).

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