Business Applications for North Carolina
Percent Change from Year Ago
BUSAPPWNSANCYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-86.38%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' metric measures the year-over-year change in the index of business applications for startups. This provides insight into entrepreneurial activity and economic dynamism.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the year-over-year percent change in the number of new business applications filed with the U.S. Census Bureau. It serves as an indicator of startup and entrepreneurial activity, reflecting economic conditions and confidence.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program.
Historical Context
The 'Percent Change from Year Ago' is used by economists and policymakers to assess business dynamism and gauge the health of the broader economy.
Key Facts
- The series reached a record high in 2020 amid the COVID-19 pandemic.
- Business applications tend to decline during economic recessions.
- Strong entrepreneurial activity is linked to innovation and productivity growth.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the year-over-year change in the number of new business applications filed with the U.S. Census Bureau.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into entrepreneurial activity and economic dynamism, which are important for understanding broader economic conditions and growth.
Q: How is this data collected or calculated?
A: The data is collected through the Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess business dynamism and the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, so there may be a delay in the most recent figures.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (BUSAPPWNSANCYY), retrieved from FRED.