Congratulations to Philippe Aghion, Peter Howitt and Joel Mokyr for a well deserved Nobel Prize. It was nice to see the US Census Bureau's Business Dynamic Statistics featured in the motivating evidence in the scientific writeup: www.nobelprize.org/uploads/2025...

Census Business Formation Statistics (www.census.gov/econ/bfs/ind...) released today for February 2025. Applications in High Tech (NAICS 51 + 54) show robust projected employer business startups over next 8 quarters. February shows recovery from January dip but not as high as December 2024.

Projected new employer businesses remain high in High Tech sectors: Information (NAICS 51) + Professional, Scientific and Technical (NAICS 54)

New Business Applications increased in November 2024 remaining at high levels relative to 2019. Applications in November 2024 for likely employers 46% higher than average month in 2019.

NAS Report on AI and the Future of Work Released today:
www.nationalacademies.org/our-work/aut...