Source: U.S. Census Bureau  

Release: Business Formation Statistics  

Units:  Number, Not Seasonally Adjusted

Frequency:  Quarterly

The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BAWBATOTALNSACT for an alternative.

High-Propensity Business Applications (HBA) that indicate a first wages‐paid date on the IRS Form SS-4. The indication of a wages-paid date is associated with a high likelihood of transitioning into a business with payroll.