About 10 to 12 percent of firms with employees open each year and about 10 to 12 percent close. Employer FIRM births and deaths were up in the most recently available data. Establishment birth figures from 2012 also showed gains. Nonemployer firms have turnover rates three times as HIGH as employer firms, mostly because it is easier for nonemployers to start and STOP, as they tend to be SMALLER than employer firms. Business bankruptcies numbered 33,212 in 2013, a decline of about 7,000 over the previous year. Note that not all firm deaths are business bankruptcies, and many business OWNERS file personal bankruptcy instead of business bankruptcy.

About 10 to 12 percent of firms with employees open each year and about 10 to 12 percent close. Employer firm births and deaths were up in the most recently available data. Establishment birth figures from 2012 also showed gains. Nonemployer firms have turnover rates three times as high as employer firms, mostly because it is easier for nonemployers to start and stop, as they tend to be smaller than employer firms. Business bankruptcies numbered 33,212 in 2013, a decline of about 7,000 over the previous year. Note that not all firm deaths are business bankruptcies, and many business owners file personal bankruptcy instead of business bankruptcy.