Business Applications with Planned Wages: Total for All NAICS in West Virginia
BAWBATOTALSAWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.00
Year-over-Year Change
0.63%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the number of new business applications in West Virginia that include planned wages. It provides insights into entrepreneurial activity and labor market conditions 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 metric tracks the volume of new business applications filed in West Virginia that indicate the business will have paid employees. This data offers economists and policymakers a leading indicator of economic growth and employment trends in the state.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
This metric is closely watched by analysts as it signals future hiring and investment plans by new businesses.
Key Facts
- West Virginia had 1,023 new business applications with planned wages in August 2022.
- Applications with planned wages account for about 30% of total new business filings in the state.
- The metric has trended upward since the pandemic recession, indicating a recovery in entrepreneurial activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications filed in West Virginia that indicate the business will have paid employees. It provides insights into entrepreneurial activity and labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: This data offers economists and policymakers a leading indicator of economic growth and employment trends in West Virginia. It signals future hiring and investment plans by new businesses in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business registration filings.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this metric as it provides insights into entrepreneurial activity, job creation, and the broader economic conditions in West Virginia.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau, with a typical 2-3 month lag. There may be revisions to historical data as new information becomes available.
Related Trends
Per Capita Personal Income in West Virginia
WVPCPI
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in West Virginia
WVPROBUSRQGSP
Housing Inventory: Median Days on Market Year-Over-Year in West Virginia
MEDDAYONMARYYWV
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in West Virginia
WVDURMANQGSP
Average Weekly Hours of Production Employees: Trade, Transportation, and Utilities in West Virginia
SMU54000004000000007
Average Hourly Earnings of Production Employees: Professional and Business Services in West Virginia
SMU54000006000000008
Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in West Virginia (BAWBATOTALSAWV), retrieved from FRED.