Business Applications: Total for All NAICS in Wisconsin
BABATOTALSAWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,596.00
Year-over-Year Change
13.16%
Date Range
7/1/2004 - 7/1/2025
Summary
The 'Business Applications: Total for All NAICS in Wisconsin' measures the total number of new business applications filed in Wisconsin, providing insights into entrepreneurial activity and economic dynamism in the state.
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 economic indicator tracks the total number of new business applications across all industries in Wisconsin, based on data collected by the U.S. Census Bureau. It serves as a real-time barometer of entrepreneurial trends and startup formation within the state's economy.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program, which compiles administrative records on applications for new Employer Identification Numbers.
Historical Context
Economists and policymakers closely monitor business application trends to gauge the health of state and local business environments.
Key Facts
- Wisconsin saw over 25,000 new business applications in 2022.
- Business applications in Wisconsin peaked during the COVID-19 pandemic in 2020.
- The state's business application rate is closely tracked by local economic development agencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed in the state of Wisconsin across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: The business applications data provides a real-time indicator of entrepreneurial activity and startup formation, which are key drivers of economic growth and innovation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program, which compiles administrative records on applications for new Employer Identification Numbers.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor business application trends to assess the health of the business environment and inform decisions around economic development, tax policy, and small business support programs.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately two months from the reference period.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Wisconsin (BABATOTALSAWI), retrieved from FRED.