Haltiwanger sees more complete labor picture

The Covid-19 crisis spurred a record number of startups in the U.S., as Americans rushed to create their own firms after being laid off or quitting their jobs in numbers never seen before. Adapting to the seismic changes in the labor market, the U.S. Census Bureau said it will make business formations an official statistic from the government, starting Dec. 8, write Alexandre Tanzi and Jill R. Shaw at Bloomberg.

"Whether the pandemic-era uptick will persist is an open question, Faculty Associate John Haltiwange told the authors. "The data completes the partial picture offered by measures like the monthly jobs report."

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Census Bureau to Officially Count Startups in the U.S., Bloomberg News, November 10, 2021, Haltiwanger