Observation:
Oct 2024: 1,340 (+ more) Updated: Nov 14, 2024 11:05 AM CSTOct 2024: | 1,340 | |
Sep 2024: | 987 | |
Aug 2024: | 1,039 | |
Jul 2024: | 1,234 | |
Jun 2024: | 1,063 | |
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Units:
Number,Frequency:
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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.
U.S. Census Bureau, High-Propensity Business Applications: Total for All NAICS in Connecticut [BAHBATOTALNSACT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BAHBATOTALNSACT, .