U.S. Business Applications Decline in June

New business applications in the United States decreased by 9.8% to a seasonally adjusted 448,553 in June, official data showed on Thursday.

This marked the first time for applications to start a new business in the U.S. to decline since February.

A seasonally adjusted 51,543 applications were received from corporations, while applications for businesses with planned wages amounted to 52,325, the U.S. Department of Commerce.

The mining recorded the biggest decrease, falling by 25.7%.