Is the U.S. small business sector making a comeback? Here’s what the Treasury’s report reveals

The U.S. is averaging 430,000 new business applications per month so far in 2024. That is 50% more than the average in 2019.

U.S. small business startup applications are surging this year with sentiment improving in the sector after a rocky post-pandemic period as inflation eases, a U.S. Treasury report showed on Tuesday.