- June 11, 2021
- Posted by: Stratford Team
- Category: Business
Workers disinfect a production line while maintaining social distancing at the start of a shift at Green Circuits as the company, an essential business, adapts to operating during the outbreak of the fast-spreading coronavirus disease (COVID-19) in San Jose, California, U.S., April 2, 2020. REUTERS/Stephen Lam/File Photo
Applications to start new U.S. businesses rose in May as economic activity continued to accelerate.
The Commerce Department said on Thursday that business applications increased 1.2% to a seasonally adjusted 500,219 last month. The data is derived from business applications for tax identifications.
There were a seasonally adjusted 52,499 applications from corporations, down 0.8% from April. Applications for businesses with planned wages totaled 57,000, an increase of 0.9% from the prior month.
Overall, business applications rose in three of four U.S. regions last month and were higher across most industries. Among the handful of declining…
