Monthly estimates of business openings and closures, February 2022

May 30, 2022, 8:34 a.m. (EDT)

In February 2022, the number of active businesses decreased (-0.4%; -3,555) compared with the previous month for the first time since May 2020. This decrease was largely driven by an increase in the business closure rate, from 4.1% in January to 5.0% in February. The business opening rate held steady at 4.9%.

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