High-Propensity Business Applications: Professional Services in the United States

Observations

Feb 2025: 15,536

Updated: Mar 12, 2025 11:06 AM CDT

Units:

Number,

Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

High-Propensity Business Applications: Professional Services in the United States	2021-02-10	2025-03-12

Source

U.S. Census Bureau	2021-02-10	2025-03-12

Release

Business Formation Statistics	2021-02-10	2025-03-12

Units

Number	2021-02-10	2025-03-12

Frequency

Monthly	2021-02-10	2025-03-12

Seasonal Adjustment

Seasonally Adjusted	2021-02-10	2025-03-12

Notes

Business Applications (BA) that have a high-propensity of turning into businesses with payroll. The identification of high-propensity applications is based on the characteristics of applications revealed on the IRS Form SS-4 that are associated with a high rate of business formation. High-propensity applications include applications: (a) from a corporate entity, (b) that indicate they are hiring employees, purchasing a business or changing organizational type, (c) that provide a first wages-paid date (planned wages); or (d) that have a NAICS industry code in manufacturing (31-33), retail stores (44), health care (62), or restaurants/food service (72). See the U.S. Census's FAQs (https://www.census.gov/econ/bfs/faqs.html) for more details.	2021-02-10	2025-03-12