Business and employment dynamics data at the national level, 2015
Based on new annual estimates, the entry and exit rates for private sector businesses in 2015 were virtually the same as in 2014. An estimated 12.4% of businesses began operations in 2015, compared with 11.4% that ceased operations.
Annual data on business and employment dynamics in the private sector at the national level, broken down by North American Industrial Classification System industry or by firm size class and drawn from the Longitudinal Employment Analysis Program, are now available for 2015. The released estimates for 2015 are being added to already existing data tables that contain annual estimates going back to 2001.
Net employment growth was 1.7% in the private sector in 2015, up from 1.6% in 2014. This 1.7% net employment growth is broken down in four sub-components: employment creation by entrants (+1.4%), employment creation by growing incumbents (+9.4%), employment destruction by exits (-1.2%), and employment destruction by declining incumbents (-7.9%). As was the case in all years in the post-2000 period, most of the employment churning in the private sector in 2015 was accounted for by the expansion and contraction of incumbent enterprises.
Note to readers
To improve access to national estimates for business and employment dynamics measures, data from CANSIM tables 527-0001, 527-0002, 527-0003, 527-0004, 527-0005 and 527-0006 have been consolidated into CANSIM table 527-0001. CANSIM tables 527-0002, 527-0003, 527-0004, 527-0005 and 527-0006 will no longer be available.
The data for the years 2001 to 2014 shown in the consolidated table are identical with those shown in the previous table structure. The data for 2015 that would have been placed into CANSIM tables 527-0001, 527-0002, 527-0003, 527-0004, 527-0005 and 527-0006 have been placed into the consolidated CANSIM table 527-0001.
CANSIM table 527-0001 has also be re-titled from "Business dynamics measures, by North American Industry Classification System (NAICS)" to "Longitudinal Employment Analysis Program (LEAP), aggregate business dynamics measures, by industry and firm size".
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca).
To enquire about the concepts, methods or data quality of this release, contact Ryan Macdonald (613-951-5687; firstname.lastname@example.org), Economic Analysis Division.
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