Firms in business 10 years or more in 2007 employed nearly
72 percent of all workers.
q Roughly 50 percent of all firms in the United States
were at least 10 years old in 2007. This is a decline of
nearly 2 percentage points from 2006.
q Firms in business 1 to 3 years accounted for
23 percent of all firms in the United States but
about 9 percent of all employment.
11
FIGURE
Age of firms: share of total employment in percent,
December 2007
Embryonic
(1 to 3 years in business)
9.1
Emerging
(4 to 9 years in business)
19.1
Established
(10 or more years in business)
71.8
NOTE: Based on preliminary research data.
U.S. Bureau of Labor Statistics — Employment and Wages Annual Averages, 2007
• 21
www.bls.gov/cew