Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected][email protected]FOR RELEASE AT 10:00 AM EDT, AUGUST 11, 2021 BUSINESS FORMATION STATISTICS, JULY 2021 Release Number: CB21-130 August 11, 2021 — The U.S. Census Bureau announced the following seasonally adjusted business application and formation statistics for July 2021. The Business Application Series describe the business applications for tax IDs as indicated by applications for an Employer Identification Number (EIN) through filings of the IRS Form SS-4. The Business Formation Series describe employer business formations as indicated by the first instance of payroll tax liabilities for the corresponding business applications. BUSINESS APPLICATIONS U.S. Business Applications: JUL 2021 JUL 2021 / JUN 2021 Total 454,460 1.2%° High-Propensity 153,878 1.2%° With Planned Wages 53,329 2.0%° From Corporations 52,151 1.2%° Next release: September 09, 2021 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality. Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021 Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021 Business Applications - At a Glance US Northeast Midwest South West Total JUL 2021 454,460 66,518 74,598 216,492 96,852 JUL 2021 / JUN 2021 +1.2% +5.3% +0.2% -1.2% +5.1% High-Propensity JUL 2021 153,878 24,362 24,771 68,386 36,359 JUL 2021 / JUN 2021 +1.2% +4.2% -0.3% +0.1% +2.5% With Planned Wages JUL 2021 53,329 7,226 9,570 23,724 12,809 JUL 2021 / JUN 2021 +2.0% +4.3% +4.0% +0.2% +2.7% From Corporations JUL 2021 52,151 10,536 6,407 19,256 15,952 JUL 2021 / JUN 2021 +1.2% +3.2% +2.1% -3.4% +5.6% Details may not equal totals due to rounding. Regions defined by Census Bureau Geography Program. Statistical significance is not applicable or not measurable. Data adjusted for seasonality. Green Percentage changes are greater than zero (+). Red Percentage changes are less than zero (-). Z = absolute value < 0.05. Business Applications Business Applications for July 2021, adjusted for seasonal variation, were 454,460, an increase of 1.2 percent compared to June 2021. 1
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Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 [email protected][email protected]
FOR RELEASE AT 10:00 AM EDT, AUGUST 11, 2021
BUSINESS FORMATION STATISTICS, JULY 2021
Release Number: CB21-130
August 11, 2021 — The U.S. Census Bureau announced the following seasonally adjusted business application and formation statistics for July 2021. The Business Application Series describe the business applications for tax IDs as indicated by applications for an Employer Identification Number (EIN) through filings of the IRS Form SS-4. The Business Formation Series describe employer business formations as indicated by the first instance of payroll tax liabilities for the corresponding business applications.
BUSINESS APPLICATIONS
U.S. Business Applications: JUL 2021 JUL 2021 / JUN 2021
Total 454,460 1.2%°
High-Propensity 153,878 1.2%°
With Planned Wages 53,329 2.0%°
From Corporations 52,151 1.2%°
Next release: September 09, 2021
(°) Statistical significance is not applicable or not measurable.
Data adjusted for seasonality.
Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021 Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021
Business Applications - At a Glance
US Northeast Midwest South West Total JUL 2021 454,460 66,518 74,598 216,492 96,852
With Planned Wages JUL 2021 53,329 7,226 9,570 23,724 12,809 JUL 2021 / JUN 2021 +2.0% +4.3% +4.0% +0.2% +2.7%
From Corporations JUL 2021 52,151 10,536 6,407 19,256 15,952 JUL 2021 / JUN 2021 +1.2% +3.2% +2.1% -3.4% +5.6%
Details may not equal totals due to rounding. Regions defined by Census Bureau Geography Program. Statistical significance is not applicable or not measurable.
Data adjusted for seasonality. Green Percentage changes are greater than zero (+). Red Percentage changes are less than zero (-). Z = absolute value < 0.05.
Business Applications
Business Applications for July 2021, adjusted for seasonal variation, were 454,460, an increase of 1.2
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 [email protected][email protected]
BUSINESS FORMATIONS
U.S. Total Projected Business Formations:
JUL 2021 JUL 2021 / JUN 2021
Within 4 Quarters 33,712 2.1%°
Within 8 Quarters 43,231 2.8%°
Next release: September 09, 2021
(°) Statistical significance is not applicable or not measurable.
Spliced - Data adjusted for seasonality.
Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021 Source: U.S. Census Bureau, Business Formation Statistics, August 11, 2021
Projected Business Formations - At a Glance
US Northeast Midwest South West Within 4 Quarters JUL 2021 33,712 5,166 5,586 13,947 9,013
JUL 2021 / JUN 2021 +2.1% +4.6% +2.8% +0.4% +2.9%
Within 8 Quarters JUL 2021 43,231 6,705 7,147 18,082 11,297 JUL 2021 / JUN 2021 +2.8% +5.6% +3.5% +1.6% +2.5%
Details may not equal totals due to rounding. Regions defined by Census Bureau Geography Program. Statistical significance is not applicable or not measurable.
Data adjusted for seasonality. Green Percentage changes are greater than zero (+). Red Percentage changes are less than zero (-). Z = absolute value < 0.05.
Business Formations
Projected Business Formations (within 4 quarters) for July 2021, adjusted for seasonal variation, were
33,712, an increase of 2.1 percent compared to June 2021. The projected business formations are forward
looking, providing an estimate of the number of new business startups that will appear from the cohort of
business applications in a given month. It does not provide an estimate of the total number of business
startups that appeared within a specific month. In other words, the Census Bureau is projecting that
33,712 new business startups with payroll tax liabilities will form within 4 quarters of application from all
the business applications filed during July 2021. The 2.1 percent increase indicates that for July 2021 there
will be 2.1 percent more businesses projected to form within 4 quarters of application, compared to the
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
62: Health Care and Social Assistance JUL 2021 25,861 JUL 2021 / JUN 2021 +1.5%
71: Arts and Entertainment JUL 2021 14,043 JUL 2021 / JUN 2021 +2.0%
72: Accommodation and Food Services JUL 2021 26,481 JUL 2021 / JUN 2021 -1.6%
81: Other Services JUL 2021 42,279 JUL 2021 / JUN 2021 -0.8%
Unclassified JUL 2021 11,964 JUL 2021 / JUN 2021 +17.7%
Details may not equal totals due to rounding. Statistical significance is not applicable or not measurable. Data adjusted for seasonality, except for Utilities (22).
Green Percentage changes are greater than zero (+). Red Percentage changes are less than zero (-). Z = absolute value < 0.05.
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]
Data Inquiries Media Inquiries Economic Indicators Division, Business Formation Statistics Public Information Office 301-763-2000 301-763-3030 [email protected]