{"license":"https://creativecommons.org/licenses/by/4.0/","dataset":"business-formation-context","count":1,"updatedThrough":"2026-07","sourceReviewedThrough":"2026-08-14","summary":{"concentrationYear":2022,"defaultSectorCode":"51","dynamismYear":2023,"excludedIndustryCount":3,"formationPeriod":"2026-07","historyFromYear":2017,"historyToYear":2022,"latestApplicationCount":578926,"matchedApplicationCount":555033,"matchedApplicationSharePercent":95.872875,"sectorCount":17,"sourceCount":4,"systemCount":3,"trailing12From":"2025-08","trailing12To":"2026-07"},"filters":{"filtersValid":true,"sector":"62","sectorCode":"62","sectorMatched":true},"dimensions":{"xMetrics":[{"color":"#087f79","darkColor":"#5eead4","decimals":1,"description":"Latest industry Business Applications divided by the same month's U.S. Business Applications count.","field":"applicationUsSharePercent","id":"application-share","label":"U.S. application share","shortLabel":"Application share","unit":"percent","zeroBaseline":true},{"color":"#b4234f","darkColor":"#fda4af","decimals":1,"description":"Percent change from the same industry Business Applications count one year earlier.","field":"applicationYoyChangePercent","id":"application-yoy-change","label":"Application annual change","shortLabel":"Application YoY","unit":"percent","zeroBaseline":false},{"color":"#1769b0","darkColor":"#93c5fd","decimals":1,"description":"High-propensity Business Applications as a share of all Business Applications in the same industry bucket and month.","field":"highPropensitySharePercent","id":"high-propensity-share","label":"High-propensity application mix","shortLabel":"High-propensity mix","unit":"percent","zeroBaseline":true},{"color":"#7350ad","darkColor":"#c4b5fd","decimals":1,"description":"Projected four-quarter employer formations divided by Business Applications in the same source cohort. This is a modeled source ratio, not an observed conversion rate.","field":"projectedFormationSharePercent","id":"projected-formation-share","label":"Projected formation share","shortLabel":"Projected share","unit":"percent","zeroBaseline":true}],"yMetrics":[{"color":"#18875d","darkColor":"#6ee7b7","decimals":1,"description":"Entering establishments as a share of the annual BDS establishment denominator.","field":"establishmentEntryRate","id":"establishment-entry-rate","label":"BDS establishment entry rate","shortLabel":"Entry rate","unit":"percent","zeroBaseline":true},{"color":"#b4234f","darkColor":"#fda4af","decimals":1,"description":"Exiting establishments as a share of the annual BDS establishment denominator.","field":"establishmentExitRate","id":"establishment-exit-rate","label":"BDS establishment exit rate","shortLabel":"Exit rate","unit":"percent","zeroBaseline":true},{"color":"#1769b0","darkColor":"#93c5fd","decimals":1,"description":"Gross job creation less gross job destruction in the annual BDS employment universe.","field":"netJobCreationRate","id":"net-job-creation-rate","label":"BDS net job creation rate","shortLabel":"Net job creation","unit":"percent","zeroBaseline":false},{"color":"#8a5a12","darkColor":"#fbbf24","decimals":1,"description":"Median published HHI across the sector's six-digit industries in the 2022 Economic Census.","field":"medianIndustryHhi","id":"median-industry-hhi","label":"Median detailed-industry HHI","shortLabel":"Median HHI","unit":"HHI points","zeroBaseline":true},{"color":"#d96b20","darkColor":"#fdba74","decimals":1,"description":"Median strict same-code and same-label detailed-industry HHI change from 2017 to 2022.","field":"medianHhiChange","id":"median-hhi-change","label":"Median detailed-industry HHI change","shortLabel":"Median HHI change","unit":"HHI points","zeroBaseline":false},{"color":"#087f79","darkColor":"#5eead4","decimals":1,"description":"Share of strictly paired detailed industries whose HHI increased from 2017 to 2022.","field":"hhiIncreaseShare","id":"hhi-increase-share","label":"Industries with higher HHI","shortLabel":"HHI increase share","unit":"percent","zeroBaseline":true}],"sizeMetrics":[{"description":"2023 employment in the BDS sector universe.","field":"employment","id":"employment","label":"BDS employment"},{"description":"2023 employer firms in the BDS sector universe.","field":"firms","id":"firms","label":"BDS firms"},{"description":"Six-digit industries represented in the 2022 Economic Census concentration screen.","field":"detailedIndustryCount","id":"detailed-industries","label":"Detailed industries"}],"sectors":[{"formationSourceCode":"NAICS21","sectorCode":"21","sectorNaicsCode":"21","sectorName":"Mining, quarrying, and oil and gas extraction"},{"formationSourceCode":"NAICS22","sectorCode":"22","sectorNaicsCode":"22","sectorName":"Utilities"},{"formationSourceCode":"NAICS23","sectorCode":"23","sectorNaicsCode":"23","sectorName":"Construction"},{"formationSourceCode":"NAICSMNF","sectorCode":"31","sectorNaicsCode":"31-33","sectorName":"Manufacturing"},{"formationSourceCode":"NAICS42","sectorCode":"42","sectorNaicsCode":"42","sectorName":"Wholesale trade"},{"formationSourceCode":"NAICSRET","sectorCode":"44","sectorNaicsCode":"44-45","sectorName":"Retail trade"},{"formationSourceCode":"NAICSTW","sectorCode":"48","sectorNaicsCode":"48-49","sectorName":"Transportation and warehousing"},{"formationSourceCode":"NAICS51","sectorCode":"51","sectorNaicsCode":"51","sectorName":"Information"},{"formationSourceCode":"NAICS52","sectorCode":"52","sectorNaicsCode":"52","sectorName":"Finance and insurance"},{"formationSourceCode":"NAICS53","sectorCode":"53","sectorNaicsCode":"53","sectorName":"Real estate and rental and leasing"},{"formationSourceCode":"NAICS54","sectorCode":"54","sectorNaicsCode":"54","sectorName":"Professional, scientific, and technical services"},{"formationSourceCode":"NAICS56","sectorCode":"56","sectorNaicsCode":"56","sectorName":"Administrative and support and waste management and remediation services"},{"formationSourceCode":"NAICS61","sectorCode":"61","sectorNaicsCode":"61","sectorName":"Educational services"},{"formationSourceCode":"NAICS62","sectorCode":"62","sectorNaicsCode":"62","sectorName":"Health care and social assistance"},{"formationSourceCode":"NAICS71","sectorCode":"71","sectorNaicsCode":"71","sectorName":"Arts, entertainment, and recreation"},{"formationSourceCode":"NAICS72","sectorCode":"72","sectorNaicsCode":"72","sectorName":"Accommodation and food services"},{"formationSourceCode":"NAICS81","sectorCode":"81","sectorNaicsCode":"81","sectorName":"Other services (except public administration)"}]},"sources":[{"accessDate":"2026-08-14","id":"census-business-formation-2026","profileHref":"/sources/census-business-formation-2026","publisher":"U.S. Census Bureau","title":"July 2026 Business Formation Statistics","url":"https://www.census.gov/econ/bfs/current/index.html"},{"id":"census-ecnsize-concentration-2022","title":"2022 Economic Census Concentration of Largest Firms","publisher":"U.S. Census Bureau","url":"https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/EC2200SIZECONCEN.zip","accessDate":"2026-07-17","profileHref":"/sources/census-ecnsize-concentration-2022"},{"id":"census-ecnsize-concentration-2017","title":"2017 Economic Census Concentration of Largest Firms","publisher":"U.S. Census Bureau","url":"https://www2.census.gov/programs-surveys/economic-census/data/2017/sector00/EC1700SIZECONCEN.zip","accessDate":"2026-07-18","profileHref":"/sources/census-ecnsize-concentration-2017"},{"id":"census-business-dynamics-2023","title":"2023 Business Dynamics Statistics","publisher":"U.S. Census Bureau","url":"https://www.census.gov/programs-surveys/bds/data.Datasets.html","accessDate":"2026-07-19","profileHref":"/sources/census-business-dynamics-2023"}],"exclusionNote":"Agriculture, management of companies, and applications without an assigned NAICS code remain in the Business Formation Observatory but are not joined here because the current Sector Economy contract does not publish an exact corresponding row.","guardrail":"This atlas joins only exact broad-sector NAICS contracts across three separate Census systems: monthly Business Formation Statistics, annual Business Dynamics Statistics, and Economic Census industry structure. The release clocks, populations, denominators, and measures remain distinct. Positions are descriptive context, not composite competition scores, causal estimates, legal antitrust markets, or evidence that applications, entry, concentration, and competitive effects are interchangeable.","rows":[{"actualFormations4q":null,"actualFormations4qStatus":"not_returned","applicationCount":33953,"applicationMomChangePercent":0.676056,"applicationUsSharePercent":5.864826,"applicationYoyChangePercent":13.509628,"atlasHref":"/atlas?depth=1&focus=industry%3A62&layer=measurement","color":"#dc2626","concentrationSourceId":"census-ecnsize-concentration-2022","concentrationYear":2022,"contextHref":"/economy/formation/context?sector=62&size=employment&view=plane&x=application-share&y=establishment-entry-rate#formation-context-workspace","detailedIndustryCount":39,"dynamismHref":"/economy/dynamism?sector=62","dynamismSourceId":"census-business-dynamics-2023","dynamismYear":2023,"employment":21997571,"establishmentEntryRate":10.783,"establishmentExitRate":7.708,"firms":631402,"formationHref":"/economy/formation?entity=NAICS62&from=2021-08&lens=count&metric=business-applications&period=2026-07&scope=industries&to=2026-07&view=trajectory#business-formation-workspace","formationPeriod":"2026-07","formationSourceCode":"NAICS62","formationSourceId":"census-business-formation-2026","hhiIncreaseShare":53.8,"highPropensityCount":22672,"highPropensitySharePercent":66.774659,"historyFromYear":2017,"historySourceId":"census-ecnsize-concentration-2017","historyToYear":2022,"id":"formation-context:62","medianHhiChange":1.4,"medianIndustryHhi":35.8,"netJobCreationRate":4.089,"projectedFormationSharePercent":9.557329,"projectedFormations4q":3245,"projectedFormations4qStatus":"observed","sectorCode":"62","sectorHref":"/economy/sectors?sector=62","sectorName":"Health care and social assistance","sectorNaicsCode":"62","shortName":"Health care","sourceIds":["census-business-formation-2026","census-business-dynamics-2023","census-ecnsize-concentration-2022","census-ecnsize-concentration-2017"],"trailing12ApplicationCount":388437,"trailing12HighPropensityCount":264643,"apiHref":"/api/public/business-formation-context?sector=62","guardrail":"This atlas joins only exact broad-sector NAICS contracts across three separate Census systems: monthly Business Formation Statistics, annual Business Dynamics Statistics, and Economic Census industry structure. The release clocks, populations, denominators, and measures remain distinct. Positions are descriptive context, not composite competition scores, causal estimates, legal antitrust markets, or evidence that applications, entry, concentration, and competitive effects are interchangeable."}]}