← All instruments: the full set 2004
high 184,824 · low 79,384 · now 145,387 · 2 recessions shaded 2026
D1 · NEW BUSINESSES BEING BORN: THE ONES LIKELY TO HIRE
High-propensity business applications
145,387
STALE ROBUST DRS 95 monthly as of 2026-08-01
This tile is stale: the value shown is the last one the source published, never a fabricated current number.
The full history
How it is read
- What it measures
- new businesses being born: the ones likely to hire
- Confidence
- ROBUST : a primary official series, mechanically reported.
- Reliability (DRS)
- DRS 95: Census Business Formation Statistics, monthly since 2004. High-propensity = applications with characteristics of future employer businesses.
Where it comes from
FRED ↗ Every number on this site is reproducible from this primary source.
What it read at past stress points
| Lehman, Sep 2008 | 103,558 | ◆ WATCH |
|---|---|---|
| Q4-2018 selloff | 110,861 | · CALM |
| Curve inversion, Aug 2019 | 110,912 | · CALM |
| COVID crash, Mar 2020 | 97,646 | · CALM |
Questions it helps answer
- The Engine Room : Is anything being built?