The turnover rate (combined birth and death rates) for U.S. companies has remained consistently in the 31%-to-32% range, affected only marginally by the state of the economy.* * *
(figures in thousands)
|Total number of companies||New and successor companies: Number||Rate||Terminations: Number||Rate|
Note: "Birth and death rates" are defined relative to the number of companies that existed in the previous year; "total number of companies" includes all full-time nonfarm companies that pay federal withholding taxes (that is, companies with employees); "new companies" represent new applications with the U.S. Department of Labor; "succes-sors" are companies that were taken over by new or established companies (the total includes spin-offs); "terminations" represent companies either out of business or with no employment for at least two years; 1992 numbers represent activity for the first half of the year only.
Source: Adapted by the Small Business Administration Office of Advocacy, from unpublished data provided by the Employment and Training Administration, U.S. Department of Labor.* * *