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How Quickly do New Employer Businesses Hire?

Entrepreneurship is often heralded as important to the economy because of its job creation effects. These jobs come from new employer businesses, a small but important subset of entrepreneurial activity in the United States.

New employer business velocity reflects the average amount of time it takes for a new business to become an employer, given that they reach this milestone within eight quarters. New businesses are considered to become employers when they make a first payroll. This is measured in quarters, which range from 90 to 92 days.

Learn more about the national and state trends of new employer business velocity: