State lost 47,000 employers in 2008

December 16th, 2009, 6:00 am
Jan Norman, small-business columnist

One of every six U.S. employers that closed permanently in 2008 was in California, according to the U.S. Small Business Administration using bankruptcy court data.

However, one in nine employers that opened in 2008 was in California. The net result was almost 47,000 fewer companies with employees in California by the end of 2008.

The data are part of the Census Bureau’s Statistical Abstract of the United States 2010.

[b]The state had 45.1% more business “deathsâ€