Business Formation Statistics

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Business Formation Statistics (BFS) are a standard data product of the U.S. Census Bureau developed at the Center for Economic Studies in research collaboration with economists affiliated with Board of Governors of the Federal Reserve System, Federal Reserve Bank of Atlanta, University of Maryland, and University of Notre Dame. BFS provide timely and high frequency information on new business applications and formations in the United States.

Latest Monthly Business Formation Statistics Report

Weekly Data

Release Schedule

Announcements

Notice: Starting with the September 11, 2025 monthly release, Monthly Puerto Rico Business Applications will no longer be a separate experimental data product and will be combined with the Monthly standard data product.
Notice: Annual Business Applications by County was released on June 11, 2025. The annual release adds data for 2024 and incorporates revisions for previously published 2023 and 2022 annual county counts.
Notice: The BFS visualizations will not be updated until further notice. Please see data in the Latest Monthly Business Formation Statistics Report.
Notice: Due to a scheduled outage of the Internal Revenue Service's online Employer Identification Number (EIN) Assistant from December 27, 2024 until January 2, 2025, applicants were unable to apply for an EIN through the web application. As a result, the Business Formation Statistics Monthly data for January 2025 and Weekly data for Week 1, 2025 are impacted.
Notice: The latest publication of Business Formation Statistics includes large increases in Business Applications from Corporations (CBA), High-Propensity Business Applications (HBA), Oregon, and Washington. We are actively researching the increases and working with appropriate officials at other agencies to determine the validity. We will post additional notices as necessary. If you have any questions, we can be reached at eid.bfs@census.gov.

If corrections are warranted, they will be implemented during our annual update process. During the annual update, underlying NAICS codes are revised for each of the previous five years when more accurate and detailed NAICS codes may be available from additional administrative sources. The Formation series are updated annually to revise information on business formations (firm births) from the Business Dynamic Statistics (BDS) program. Also, seasonal factors are recomputed and applied during the annual update, resulting in revisions to our seasonally adjusted series. Updates to the microdata can also occur at this time. For more details on this process, our most recent revision, please see our methodology.
Notice: Weekly Business Application data with industry detail, as classified by the North American Industry Classification System (NAICS), were released on February 5, 2025. This updated release adds data through 2024. It also incorporates revisions to the underlying NAICS code assignment methodology for previously published weekly BFS by industry data. The data are available on our Special Projects portion of our website.
Notice: The latest annual update was applied during the October 2024 monthly release on November 14, 2024. During the annual update, underlying NAICS codes are revised each year for the previous five years when more accurate and detailed NAICS codes may be available from administrative sources. The Formation series are updated annually to revise information on business formations (firm births) from the Business Dynamic Statistics (BDS) program. Also, seasonal factors are recomputed and applied during the annual update, resulting in revisions to our seasonally adjusted series.
Notice: As of August 29, 2024, weekly estimates of BFS data are no longer published on a weekly basis. The Census Bureau continues to produce weekly estimates; however, the weekly estimate files are published as part of the Monthly BFS Release. The first monthly release of weekly estimates was published on September 12, 2024.
FRED Mobile App: Receive the latest updates on the nation's key economic indicators by downloading the FRED App for both Apple and Android devices. FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates the Census Bureau's 13 economic indicators.
API: The URL for the economic indicators data in the Census Bureau API (Application Programming Interface ) has been updated to add /timeseries/. Examples can be found on the Developers' webpage.
Historical Announcements: See our Previous Announcements document for historical BFS announcements.

Business Formation Statistics

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