Strong Startups

Prior to Covid-19, about 1 million applications to form business with employees were made during the first nine months of the year. In 2020, that number was 1.14 million, and through September 2021, the number is a staggering 1.4 million. This means an extra 540,000 new business applications have been made in the Jan-Sept period during the past two years, necessarily reducing the employable population accordingly.