U.S. flag

An official website of the United States government

end of header

FOR IMMEDIATE RELEASE: Monday, November 13, 2023

Business Formation Statistics

CB23-188



Business Applications
Business Applications for October 2023, adjusted for seasonal variation, were 472,993, virtually unchanged from September 2023.

Z = absolute value < 0.05.

Business Formations
Projected Business Formations (within 4 quarters) for October 2023, adjusted for seasonal variation, were 28,679, a decrease of 4.0 percent compared to September 2023. 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 28,679 new business startups with payroll tax liabilities will form within 4 quarters of application from all the business applications filed during October 2023. The 4.0 percent decrease indicates that for October 2023 there will be 4.0 percent fewer businesses projected to form within 4 quarters of application, compared to the analogous projections for September 2023.

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-FY23-0139).

Additional Release Files

CSV File icon   BFS Time Series   [2.389 MB]
Microsoft Excel icon   BFS Publication Table   [13 KB]
CSV File icon   BFS Month Date Table   [11 KB]

Contact

Data Inquiries
Economic Indicators Division
Business Formation Statistics
301-763-2000
eid.bfs@census.gov

Media Inquiries
Public Information Office
301-763-3030
pio@census.gov

Related Information

X
  Is this page helpful?
Thumbs Up Image Yes    Thumbs Down Image No
X
No, thanks
255 characters remaining
X
Thank you for your feedback.
Comments or suggestions?