Business Applications with Planned Wages: Total for All NAICS in Missouri
BAWBATOTALSAMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
870.00
Year-over-Year Change
4.32%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications with Planned Wages: Total for All NAICS in Missouri' series tracks the number of new business applications in Missouri that report planned wages, providing insight 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 series measures the total number of new business applications filed in Missouri that include information on planned wages, a leading indicator of future employment and economic growth. It is used by economists and policymakers to gauge the state's entrepreneurial climate and business formation trends.
Methodology
The data is collected by the U.S. Census Bureau from administrative business registration records.
Historical Context
This metric helps inform state-level economic policy and forecasting efforts.
Key Facts
- Missouri saw 13,462 new business applications with planned wages in 2022.
- Business applications peaked in Missouri during the COVID-19 pandemic in 2020.
- The series can signal changes in future job growth and economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of new business applications filed in Missouri that include information on planned wages, a leading indicator of future employment and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and business formation in Missouri, helping to inform state-level economic policy and forecasting efforts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from administrative business registration records.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and economists assess the state's entrepreneurial climate and business dynamics, informing economic development strategies and forecasting.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of the reference period.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Missouri (BAWBATOTALSAMO), retrieved from FRED.