Source: U.S. Census Bureau  

Release: Business Formation Statistics  

Units:  Number, Not Seasonally Adjusted

Frequency:  Quarterly

The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BFBF8QTOTALNSAFL for an alternative.

The number of employer businesses that originate from Business Applications (BA) within eight quarters from the quarter of application, similar to https://fred.stlouisfed.org/series/BF4QNSAFL. By definition, the end-point of this series is determined by the most recent quarter for which the administrative data is available on payroll.