Monthly U.S. business applications are reaching all time high levels. Business applications for December 2025, adjusted for seasonal variation, were 497,046. A boost in business applications happened in 2020 during COVID. The new level in business applications has stayed elevated since then. New technology has made it simpler to start a business, and as a leader in AI technology, the U.S. economy stays the most dynamic in the world.

Gray areas represent U.S. recessions. This graph was produced by Lucas Juery, CFA, CFP^Ⓡ and is not intended to provide financial advice. Source: U.S. Census Bureau.

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