Business Applications with Planned Wages: Total for All NAICS in Utah
BAWBATOTALNSAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568.00
Year-over-Year Change
-14.33%
Date Range
7/1/2004 - 7/1/2025
Summary
The 'Business Applications with Planned Wages: Total for All NAICS in Utah' trend measures the number of new business applications in Utah that indicate planned wages. This data provides insights into entrepreneurial activity and economic growth 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 trend represents the total number of new business applications filed in Utah that include information about planned wages. It serves as an indicator of entrepreneurial dynamism and future employment growth in the state's economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau from business application filings.
Historical Context
Policymakers and analysts use this metric to monitor entrepreneurial activity and economic conditions in Utah.
Key Facts
- Utah has consistently ranked among the top states for new business formation.
- The number of business applications with planned wages in Utah has steadily increased in recent years.
- Entrepreneurs in Utah often cite the state's pro-business policies and talent pool as key factors for starting new ventures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed in Utah that include information about planned wages, indicating entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of entrepreneurial dynamism and future employment growth in Utah's economy, which is of interest to policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau from business application filings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor entrepreneurial activity and economic conditions in Utah, which can inform decisions and policies aimed at supporting business growth and job creation.
Q: Are there update delays or limitations?
A: The data is released on a regular basis by the U.S. Census Bureau, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Utah (BAWBATOTALNSAUT), retrieved from FRED.