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High-Propensity Applications
Applications likely to become employers ("high-propensity").
150K
Number · latest, Jun 2026
vs prior month▲ 1.9%
vs year ago▲ 5.2%
| Year | High-Propensity Applications |
|---|---|
| 2004 | 114K |
| 2005 | 139K |
| 2006 | 145K |
| 2007 | 122K |
| 2008 | 91K |
| 2009 | 94K |
| 2010 | 94K |
| 2011 | 104K |
| 2012 | 121K |
| 2013 | 101K |
| 2014 | 92K |
| 2015 | 97K |
| 2016 | 106K |
| 2017 | 104K |
| 2018 | 111K |
| 2019 | 116K |
| 2020 | 118K |
| 2021 | 143K |
| 2022 | 143K |
| 2023 | 153K |
| 2024 | 149K |
| 2025 | 137K |
| 2026 | 150K |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · BAHBATOTALSAUS · series · Jul 2004 to Jun 2026 · latest-revised
Refreshed Jul 31, 2026 from FRED.
Applications likely to become employers ("high-propensity").
Business applications judged likely to become employers (Census Business Formation Statistics).
Source: FRED · Jun 2026 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.