Source: U.S. Census Bureau
Release: Business Formation Statistics
The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BFPBF4QTOTALNSAUS for an alternative.
The projected number of employer businesses that originate from Business Applications (BA) within four quarters from the quarter of application.
U.S. Census Bureau, Projected Business Formations Within 4 Quarters for the United States (DISCONTINUED) [PBF4QNSAUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PBF4QNSAUS, April 22, 2021.