The U.S. Census Bureau has released the latest Business Formation Statistics (BFS) for August 2025. The BFS offers up-to-date data on new business applications and formations across the United States. This monthly dataset is produced by the Census Bureau in collaboration with economists from several institutions, including the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of Atlanta, the University of Maryland, and the University of Notre Dame.
The BFS includes twelve series—four focused on business applications and eight on business formations—and provides statistics at national, regional, and state levels. Both seasonally adjusted and nonseasonally adjusted figures are available each month.
In addition to its regular release, the Census Bureau has published Monthly Puerto Rico Business Applications. This experimental product tracks four monthly business application series specific to Puerto Rico using a methodology consistent with that used for U.S. states in the BFS.
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