High propensity applications drop to 30 percent of total and only one in three ever hire anyone.
America is forming businesses at a record pace, but almost none of them are creating jobs
byu/RobertBartus inEconomyCharts
America is forming businesses at a record pace, but almost none of them are creating jobs:
US monthly business applications are up to ~500,000, near their highest since the post-pandemic peak in 2020 and 2021.
However, high-propensity applications, those likely to result in… pic.twitter.com/qufdPOiJwx
— The Kobeissi Letter (@KobeissiLetter) May 24, 2026
Be honest does anyone actually believe this leads to a roaring economy or are we watching the slow collapse where everyone becomes a pretend CEO with no employees while real jobs vanish into AI offshore and government bloat forever?