Business Formation Statistics (monthly national, regional, and state levels)
Source: United States Census Bureau
Another piece of anecdotal data reveals just how different the present era is from the past: New Business formations. Pleased to see that the data validates our July 2021 thesis.
Look at the massive spike from mid-2020 onwards.
This is what happens when people are 1) stuck at home; 2) generally dissatisfied with their jobs; 3) are given a check to do whatever they want; 4) decide to better themselves.
What else can you say about that chart?
Previously:
Elvis (Your Waiter) Has Left the Building (July 9, 2021)
Are We in a Recession? (No) (June 1, 2022)
The Post-Normal Economy (January 7, 2022)
