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FOR IMMEDIATE RELEASE: Friday, August 11, 2023

Business Formation Statistics

CB23-130



Business Applications
Business Applications for July 2023, adjusted for seasonal variation, were 469,557, an increase of 0.5 percent compared to June 2023.

Business Formations
Projected Business Formations (within 4 quarters) for July 2023, adjusted for seasonal variation, were 32,115, a decrease of 0.2 percent compared to June 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 32,115 new business startups with payroll tax liabilities will form within 4 quarters of application from all the business applications filed during July 2023. The 0.2 percent decrease indicates that for July 2023 there will be 0.2 percent fewer businesses projected to form within 4 quarters of application, compared to the analogous projections for June 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   [2.343 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

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