Federal Reserve Economic Data: Your trusted data source since 1991

High-Propensity Business Applications: Information in the United States (BAHBANAICS51NSAUS)


Apr 2024: 1,482 (+ more)   Updated: May 9, 2024 11:05 AM CDT
Apr 2024:  1,482  
Mar 2024:  1,635  
Feb 2024:  1,654  
Jan 2024:  2,226  
Dec 2023:  1,179  
View All


Not Seasonally Adjusted




Source: U.S. Census Bureau  

Release: Business Formation Statistics  

Units:  Number, Not Seasonally Adjusted

Frequency:  Monthly


Business Applications (BA) that have a high-propensity of turning into businesses with payroll. The identification of high-propensity applications is based on the characteristics of applications revealed on the IRS Form SS-4 that are associated with a high rate of business formation. High-propensity applications include applications: (a) from a corporate entity, (b) that indicate they are hiring employees, purchasing a business or changing organizational type, (c) that provide a first wages-paid date (planned wages); or (d) that have a NAICS industry code in manufacturing (31-33), retail stores (44), health care (62), or restaurants/food service (72).

See the U.S. Census's FAQs for more details.

Suggested Citation:

U.S. Census Bureau, High-Propensity Business Applications: Information in the United States [BAHBANAICS51NSAUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BAHBANAICS51NSAUS, May 22, 2024.


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