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 BFPBF8QTOTALSASD for an alternative.
The projected number of employer businesses that originate from Business Applications (BA) within eight quarters from the quarter of application, similar to https://fred.stlouisfed.org/series/PBF4QSASD. The projected business formation series cover the period for which the actual business formations are not yet available.
U.S. Census Bureau, Projected Business Formations within 8 Quarters for South Dakota (DISCONTINUED) [PBF8QSASD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PBF8QSASD, May 17, 2021.