{
  "notice": "Please credit \"Is software solved?\" and the sources listed in credits when you reuse these numbers. They are our own aggregates. For original records, go to each source.",
  "id": "new-businesses",
  "name": "New tech businesses",
  "question": "Are more tech businesses starting?",
  "metric": "New US business applications in the information sector, latest full month",
  "solvedIf": "Starting a software business takes almost no effort",
  "value": "13,806",
  "change": "+49%",
  "trend": [
    {
      "label": "2016-01",
      "value": 5686
    },
    {
      "label": "2016-02",
      "value": 5267
    },
    {
      "label": "2016-03",
      "value": 5090
    },
    {
      "label": "2016-04",
      "value": 5293
    },
    {
      "label": "2016-05",
      "value": 5419
    },
    {
      "label": "2016-06",
      "value": 4751
    },
    {
      "label": "2016-07",
      "value": 5441
    },
    {
      "label": "2016-08",
      "value": 5208
    },
    {
      "label": "2016-09",
      "value": 5413
    },
    {
      "label": "2016-10",
      "value": 5228
    },
    {
      "label": "2016-11",
      "value": 5367
    },
    {
      "label": "2016-12",
      "value": 5427
    },
    {
      "label": "2017-01",
      "value": 5888
    },
    {
      "label": "2017-02",
      "value": 5858
    },
    {
      "label": "2017-03",
      "value": 5979
    },
    {
      "label": "2017-04",
      "value": 6042
    },
    {
      "label": "2017-05",
      "value": 5931
    },
    {
      "label": "2017-06",
      "value": 6156
    },
    {
      "label": "2017-07",
      "value": 6280
    },
    {
      "label": "2017-08",
      "value": 6251
    },
    {
      "label": "2017-09",
      "value": 5953
    },
    {
      "label": "2017-10",
      "value": 5930
    },
    {
      "label": "2017-11",
      "value": 6344
    },
    {
      "label": "2017-12",
      "value": 6007
    },
    {
      "label": "2018-01",
      "value": 6559
    },
    {
      "label": "2018-02",
      "value": 6109
    },
    {
      "label": "2018-03",
      "value": 6249
    },
    {
      "label": "2018-04",
      "value": 6183
    },
    {
      "label": "2018-05",
      "value": 6177
    },
    {
      "label": "2018-06",
      "value": 6334
    },
    {
      "label": "2018-07",
      "value": 5962
    },
    {
      "label": "2018-08",
      "value": 5893
    },
    {
      "label": "2018-09",
      "value": 6140
    },
    {
      "label": "2018-10",
      "value": 6117
    },
    {
      "label": "2018-11",
      "value": 5910
    },
    {
      "label": "2018-12",
      "value": 6212
    },
    {
      "label": "2019-01",
      "value": 5515
    },
    {
      "label": "2019-02",
      "value": 6165
    },
    {
      "label": "2019-03",
      "value": 6175
    },
    {
      "label": "2019-04",
      "value": 6210
    },
    {
      "label": "2019-05",
      "value": 6139
    },
    {
      "label": "2019-06",
      "value": 6175
    },
    {
      "label": "2019-07",
      "value": 5969
    },
    {
      "label": "2019-08",
      "value": 6168
    },
    {
      "label": "2019-09",
      "value": 5943
    },
    {
      "label": "2019-10",
      "value": 6319
    },
    {
      "label": "2019-11",
      "value": 6197
    },
    {
      "label": "2019-12",
      "value": 6765
    },
    {
      "label": "2020-01",
      "value": 5848
    },
    {
      "label": "2020-02",
      "value": 6641
    },
    {
      "label": "2020-03",
      "value": 5598
    },
    {
      "label": "2020-04",
      "value": 5603
    },
    {
      "label": "2020-05",
      "value": 6798
    },
    {
      "label": "2020-06",
      "value": 8135
    },
    {
      "label": "2020-07",
      "value": 11276
    },
    {
      "label": "2020-08",
      "value": 10396
    },
    {
      "label": "2020-09",
      "value": 9496
    },
    {
      "label": "2020-10",
      "value": 8870
    },
    {
      "label": "2020-11",
      "value": 8302
    },
    {
      "label": "2020-12",
      "value": 7277
    },
    {
      "label": "2021-01",
      "value": 10016
    },
    {
      "label": "2021-02",
      "value": 9109
    },
    {
      "label": "2021-03",
      "value": 9271
    },
    {
      "label": "2021-04",
      "value": 9882
    },
    {
      "label": "2021-05",
      "value": 10156
    },
    {
      "label": "2021-06",
      "value": 8848
    },
    {
      "label": "2021-07",
      "value": 8987
    },
    {
      "label": "2021-08",
      "value": 8642
    },
    {
      "label": "2021-09",
      "value": 8417
    },
    {
      "label": "2021-10",
      "value": 8543
    },
    {
      "label": "2021-11",
      "value": 8703
    },
    {
      "label": "2021-12",
      "value": 8636
    },
    {
      "label": "2022-01",
      "value": 8643
    },
    {
      "label": "2022-02",
      "value": 8581
    },
    {
      "label": "2022-03",
      "value": 7645
    },
    {
      "label": "2022-04",
      "value": 8360
    },
    {
      "label": "2022-05",
      "value": 8377
    },
    {
      "label": "2022-06",
      "value": 8106
    },
    {
      "label": "2022-07",
      "value": 8228
    },
    {
      "label": "2022-08",
      "value": 7969
    },
    {
      "label": "2022-09",
      "value": 8023
    },
    {
      "label": "2022-10",
      "value": 8229
    },
    {
      "label": "2022-11",
      "value": 7920
    },
    {
      "label": "2022-12",
      "value": 8167
    },
    {
      "label": "2023-01",
      "value": 8100
    },
    {
      "label": "2023-02",
      "value": 8560
    },
    {
      "label": "2023-03",
      "value": 8498
    },
    {
      "label": "2023-04",
      "value": 8698
    },
    {
      "label": "2023-05",
      "value": 8252
    },
    {
      "label": "2023-06",
      "value": 8687
    },
    {
      "label": "2023-07",
      "value": 9198
    },
    {
      "label": "2023-08",
      "value": 8657
    },
    {
      "label": "2023-09",
      "value": 8226
    },
    {
      "label": "2023-10",
      "value": 8241
    },
    {
      "label": "2023-11",
      "value": 8271
    },
    {
      "label": "2023-12",
      "value": 8191
    },
    {
      "label": "2024-01",
      "value": 8384
    },
    {
      "label": "2024-02",
      "value": 8166
    },
    {
      "label": "2024-03",
      "value": 8036
    },
    {
      "label": "2024-04",
      "value": 7749
    },
    {
      "label": "2024-05",
      "value": 7939
    },
    {
      "label": "2024-06",
      "value": 8165
    },
    {
      "label": "2024-07",
      "value": 8269
    },
    {
      "label": "2024-08",
      "value": 8825
    },
    {
      "label": "2024-09",
      "value": 8600
    },
    {
      "label": "2024-10",
      "value": 8364
    },
    {
      "label": "2024-11",
      "value": 8558
    },
    {
      "label": "2024-12",
      "value": 9253
    },
    {
      "label": "2025-01",
      "value": 7594
    },
    {
      "label": "2025-02",
      "value": 8650
    },
    {
      "label": "2025-03",
      "value": 8597
    },
    {
      "label": "2025-04",
      "value": 8644
    },
    {
      "label": "2025-05",
      "value": 8930
    },
    {
      "label": "2025-06",
      "value": 9071
    },
    {
      "label": "2025-07",
      "value": 9299
    },
    {
      "label": "2025-08",
      "value": 9619
    },
    {
      "label": "2025-09",
      "value": 9252
    },
    {
      "label": "2025-10",
      "value": 9361
    },
    {
      "label": "2025-11",
      "value": 10185
    },
    {
      "label": "2025-12",
      "value": 10250
    },
    {
      "label": "2026-01",
      "value": 10680
    },
    {
      "label": "2026-02",
      "value": 11126
    },
    {
      "label": "2026-03",
      "value": 11528
    },
    {
      "label": "2026-04",
      "value": 12117
    },
    {
      "label": "2026-05",
      "value": 12523
    },
    {
      "label": "2026-06",
      "value": 13075
    },
    {
      "label": "2026-07",
      "value": 13176
    },
    {
      "label": "2026-08",
      "value": 13231
    },
    {
      "label": "2026-09",
      "value": 13806
    }
  ],
  "trendLabel": "New US business applications in the information sector per month.",
  "caution": [
    "An application is not a working business, and this sector also includes publishing and media. Applications jumped during the pandemic for reasons unrelated to AI."
  ],
  "score": 24,
  "scoreReason": "Up 74% since ChatGPT launched.",
  "fromHigh": "At its high",
  "status": "More applications",
  "rule": "More applications when more are filed than in the same month a year before.",
  "direction": "toward",
  "checks": [
    {
      "date": "2026-11-02",
      "value": "13,806",
      "change": "+49%",
      "status": "More applications"
    },
    {
      "date": "2026-11-01",
      "value": "13,806",
      "change": "+49%",
      "status": "More applications"
    }
  ],
  "url": "/signals/new-businesses",
  "api": "/api/signals/new-businesses.json",
  "credits": [
    {
      "name": "Census Business Formation Statistics",
      "url": "https://www.census.gov/econ/bfs/",
      "signal": "new-businesses",
      "license": "US government public data",
      "credit": "U.S. Census Bureau, Business Formation Statistics. This site is not endorsed or certified by the Census Bureau."
    }
  ]
}