New business applications remain elevated in California

Source: United States Census Bureau Business Formation Statistics NOTES: New business applications measured as the number of applications for an Employer Identification Number with the Internal Revenue Service, seasonally adjusted. High-propensity applications are based on a model predicting the likelihood that an application results in a new business with employees on the payroll within a year or two. Non-high-propensity applications are the differences between the two. Get the data Embed