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FOR IMMEDIATE RELEASE: Wednesday, June 10, 2026

Business Formation Statistics

CB26-101



Business Applications
Business Applications for May 2026, adjusted for seasonal variation, were 523,971, an increase of 3.7 percent compared to April 2026.

Business Formations
Projected Business Formations (within 4 quarters) for May 2026, adjusted for seasonal variation, were 29,493, an increase of 3.3 percent compared to April 2026. The projected business formations are forward looking, providing an estimate of the number of new business startups that will appear from the cohort of business applications in a given month. It does not provide an estimate of the total number of business startups that appeared within a specific month. In other words, the Census Bureau is projecting that 29,493 new business startups with payroll tax liabilities will form within 4 quarters of application from all the business applications filed during May 2026. The 3.3 percent increase indicates that for May 2026 there will be 3.3 percent more businesses projected to form within 4 quarters of application, compared to the analogous projections for April 2026.

Z = absolute value < 0.05.

The Census Bureau has reviewed the monthly data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. P-7515311, Disclosure Review Board (DRB) approval number: CBDRB-FY26-0112).

Additional Release Files

Monthly Puerto Rico Business Applications are no longer a separate experimental data product and are part of the Monthly standard data product.

CSV File icon   BFS Time Series   [2.747 MB]
Microsoft Excel icon   BFS Publication Table   [13 KB]
CSV File icon   BFS Month Date Table   [13 KB]

Contact

Data Inquiries
Economic Indicators Division
Business Formation Statistics
301-763-2000
[email protected]

Media Inquiries
Public Information Office
301-763-3030
[email protected]

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