The U.S. Census Bureau has recently published the latest Business Formation Statistics (BFS) for April 2024, offering valuable insights into new business applications and formations within the United States. Developed in collaboration with economists from various institutions, including the Federal Reserve System and several universities, the BFS provides up-to-date and frequent information on the business landscape in the country.
The BFS dataset comprises 12 series, including four application and eight formation categories, and is published monthly for the nation, regions, and states. This allows users to gain a comprehensive overview of business trends and developments across different areas of the country. The data is available in both seasonally and nonseasonally adjusted formats, providing flexibility to analyze business trends based on different time periods.
In addition to the BFS report, the U.S. Census Bureau also released the Monthly Puerto Rico Business Applications dataset, providing similar insights into business activities in Puerto Rico. This experimental data product includes four monthly business applications series and follows the same methodology as the BFS, offering a comparative analysis of business trends between Puerto Rico and the mainland United States.
This announcement serves as a tip sheet for those interested in exploring the latest BFS and Puerto Rico Business Applications data. It does not include a news release but highlights the importance of these datasets in understanding business trends and developments within the United States.