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New Business Applications

Applications for new U.S. employer identification numbers, monthly, seasonally adjusted

534,947 in Sep 2026+107,439 since Sep 2021
YTD1y2y5y10y20yAll
ForecastOffContinuationForesight™
Show ▾
U.S. recessionsShades the months the NBER dates as recession. U.S. charts only.5-year rangeThe highest and lowest readings of the last five years, as a band. One-series charts only.High and lowMarks the highest and lowest readings in the window shown.
Current·Data to Sep 2026

Plays the chart through its history. Pauses are where the data set a record or moved most.

Continuation · the recent trend, flattening · 30 days

Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.

From the Census Bureau Business Formation Statistics.

How many Americans are filing to start a business. Applications jumped in 2020 as many people started businesses of their own.

What this chart reads

Sources

Business Applications: Total for All NAICS (SA). Source: US Census Bureau via FRED (BABATOTALSAUS). Monthly, public.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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