Business Applications with Planned Wages: Total for All NAICS in Arizona
BAWBATOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,013.00
Year-over-Year Change
-0.49%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the number of new business applications filed in Arizona that include planned wages, providing insights into entrepreneurial activity and labor market trends 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 data tracks the total number of new business applications submitted in Arizona that indicate the applicant intends to hire employees and pay wages. This metric serves as an early indicator of emerging business formation and hiring plans, which are valuable signals for economists and policymakers monitoring the health of the state's economy.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
This trend is used by analysts to assess the strength of Arizona's entrepreneurial ecosystem and labor market conditions.
Key Facts
- Arizona saw 13,984 new business applications with planned wages in Q4 2022.
- This represents a 7.2% increase from the previous quarter.
- Nationally, business applications with planned wages rose 3.9% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed in Arizona that indicate the applicant intends to hire employees and pay wages.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an early indicator of emerging business formation and hiring plans, which are valuable signals for economists and policymakers monitoring the health of Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Analysts use this trend to assess the strength of Arizona's entrepreneurial ecosystem and labor market conditions, which informs economic policies and programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Arizona (BAWBATOTALSAAZ), retrieved from FRED.