Observations

Dec 2022: 1.69

Updated: Feb 11, 2026 11:09 AM CST

Units:

Number of Quarters,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Illinois	2021-02-10	2026-02-11

Source

U.S. Census Bureau	2021-02-10	2026-02-11

Release

Business Formation Statistics	2021-02-10	2026-02-11

Units

Number of Quarters	2021-02-10	2026-02-11

Frequency

Monthly	2021-02-10	2026-02-11

Seasonal Adjustment

Not Seasonally Adjusted	2021-02-10	2026-02-11

Notes

A measure of delay between business application and formation, measured as the average duration (in quarters) between the quarter of business application and the quarter of business formation, conditional on business formation within four quarters. See the U.S. Census's FAQs (https://www.census.gov/econ/bfs/faqs.html) for more details.	2021-02-10	2026-02-11

Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Illinois (BFDUR4QTOTALNSAIL)