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The Business Formation Statistics (BFS) provide quarterly data on business applications and business formations by state and nationwide. The current data is a beta version that covers the period from the 3rd quarter of 2004 to the 1st quarter of 2016. The data will be updated at a later date.
These tables present the actual and projected number of new employer business formations by state and nationwide. Business Formations within Four Quarters (BF4Q) provide the number of new employer business formations for those quarters for which administrative data on employer businesses are available . For the recent quarters for which the administrative data on new employer businesses are not yet available, Projected Business Formations within Four Quarters (PBF4Q) provide the number of employer businesses that are expected to form within four quarters from business applications made in any given quarter. The projections are model-based estimates of employer business formation activity. Both the actual and projected series are provided with and without seasonal adjustment.
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