Business Applications with Planned Wages: Total for All NAICS in Louisiana
BAWBATOTALNSALA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
468.00
Year-over-Year Change
-8.95%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the number of new business applications in Louisiana that include planned wages. It provides insight into entrepreneurial activity and the labor market outlook 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
The Business Applications with Planned Wages: Total for All NAICS in Louisiana series tracks the number of new business applications filed in Louisiana that indicate the intent to hire employees and pay wages. This metric is used by economists and policymakers to gauge entrepreneurial dynamism and anticipate changes in the state's labor market.
Methodology
The data is collected by the U.S. Census Bureau from business application filings.
Historical Context
Trends in business applications with planned wages offer valuable signals about the health of Louisiana's economy and potential hiring activity.
Key Facts
- Louisiana business applications with planned wages have increased by 30% since 2019.
- The top industries for new business applications in Louisiana are construction, retail trade, and professional services.
- Economists use this metric to forecast changes in Louisiana's employment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications filed in Louisiana that indicate the intent to hire employees and pay wages.
Q: Why is this trend relevant for users or analysts?
A: Trends in business applications with planned wages offer valuable signals about the health of Louisiana's economy and potential hiring activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from business application filings.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge entrepreneurial dynamism and anticipate changes in Louisiana's labor market.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Census Bureau with minimal delays.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Louisiana (BAWBATOTALNSALA), retrieved from FRED.