Back in October 2020, I wrote a post about the jump in new business applications. Despite some initial volatility, the increased number of business formations has continued. I guess this is part of our new normal post-Covid.
These data show a jump back in 2020 and a leveling of new business formations at a higher level than in the years from 2004 to 2020.
You can make your own charts with this data using the link here: US Census Data Tool