May was yet another banner month for new business applications. As the U.S. Census chart below shows (click to enlarge), 500,219 business applications were filed in May.
This was the second highest number of applications filed since this data was first collected in 2005.
The recent surge in applications started last summer in July when a record 551,000 business applications were filed.
The surge has, so far, continued in 2021.
See our prior posts on the business applications surge for more on this topic:
