New Business Insights: U.S. Census Bureau Releases Latest Business Formation Statistics and Puerto Rico Business Applications Dataset
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. The data is available in both seasonally and nonseasonally adjusted formats, offering a comprehensive overview of business trends and developments.
In addition to the BFS report, the U.S. Census Bureau has 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.
Those interested in exploring the latest BFS and Puerto Rico Business Applications data can find more information about these products on the U.S. Census Bureau’s website or by contacting their press office directly for further details or requests for specific data sets or analyses.
This announcement does not include a news release but serves as a tip sheet for those interested in exploring this valuable resource.
In summary, The U.S. Census Bureau has just released two reports that provide valuable insights into new business applications and formations within different regions of America: The Business Formation Statistics (BFS) for April 2024 which offers up-to-date information on new businesses formed across America; And Monthly Puerto Rico Business Applications dataset which provides similar insights into business activities in Puerto Rico.
These reports are developed in collaboration with economists from various institutions such as Federal Reserve System and several universities to offer a comprehensive overview of business trends and developments across different regions of America.
The datasets comprise 12 series each with four application categories each month for nationwide statistics; Four monthly business applications series for regional statistics; And Eight formation categories each month for statewide statistics.
These datasets are available both seasonally and nonseasonally adjusted formats providing a wide range of options to explore different aspects of new businesses formed across America.
Interested individuals can find more information about these reports on U.S. Census Bureau’s website or by contacting their press office directly for specific requests or further details about these reports’ methodology or specific data sets they require.
