High-Propensity Business Applications: Total for All NAICS in Idaho
BAHBATOTALSAID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
948.00
Year-over-Year Change
18.50%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Idaho metric tracks the number of new business applications in Idaho with a high likelihood of turning into businesses with payroll. This provides valuable insights into the state's 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 data series, published by the U.S. Census Bureau, measures the total number of new business applications in Idaho that are considered to have a high probability of turning into businesses with paid employees. It serves as an important leading indicator of future economic growth and startup activity in the state.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program.
Historical Context
This metric is closely monitored by policymakers, economic analysts, and investors to gauge Idaho's business formation trends and entrepreneurial climate.
Key Facts
- Idaho's high-propensity business applications reached a record high in 2021.
- This metric has shown a steady upward trend over the past decade, signaling growing entrepreneurial activity in the state.
- The data is released on a monthly basis by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications in Idaho that are considered to have a high probability of turning into businesses with paid employees.
Q: Why is this trend relevant for users or analysts?
A: The High-Propensity Business Applications metric provides valuable insights into Idaho's entrepreneurial activity and economic dynamism, which are closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and investors to gauge the business formation trends and entrepreneurial climate in Idaho, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis by the U.S. Census Bureau, with minimal update delays.
Related Trends
State Government Tax Collections, Death and Gift Taxes in Idaho
IDDTHGFTAX
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Idaho
SMU16000004000000011
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Idaho
SMU16000006500000003
Monthly State Retail Sales: General Merchandise Stores in Idaho
MSRSID452
All Employees: Retail Trade: General Merchandise Retailers in Idaho
SMU16000004245500001
Gross Domestic Product: Finance and Insurance (52) in Idaho
IDFININSNQGSP
Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Idaho (BAHBATOTALSAID), retrieved from FRED.