High-Propensity Business Applications for the United States (HBUSAPPWNSAUS)

Q1 2026: .
Updated: Feb 11, 2026 11:04 AM CST
Q1 2026:  .  
Q4 2025:  29,190  
Q3 2025:  31,665  
Q2 2025:  35,146  
Q1 2025:  35,703  
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Units:

Number,
Not Seasonally Adjusted

Frequency:

Quarterly,
Average

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Notes

Source: U.S. Census Bureau  

Release: Weekly Business Formation Statistics  

Units:  Number, Not Seasonally Adjusted

Frequency:  Weekly, Ending Saturday

Notes:

High-Propensity Business Applications (HBA): A subset of Business Applications (BA) that contains all applications with a high-propensity of turning into a business with a payroll, based on various factors.

See "About the Data" for more details.

Suggested Citation:

U.S. Census Bureau, High-Propensity Business Applications for the United States [HBUSAPPWNSAUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HBUSAPPWNSAUS, .

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