Special Report
The Odds Your New Business Will Fail in Every State
May 24, 2022 12:00 pm
Methodology
To determine the likelihood a new business will fail in every state, 24/7 Wall St. reviewed data on establishment openings and closings from the Bureau of Labor Statistics’ Business Employment Dynamics program. States were ranked based on the percentage of businesses started in March 2016 that were still in business in March 2021.
Data used to calculate average business age also came from the BLS and is as of March 2021. Data on the percentage of establishments with fewer than 500 employees came from the BLS Statistics of U.S. Businesses program. Data on unemployment rate for March 2022 came from the BLS Local Area Unemployment Statistics program and are not seasonally adjusted.
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