Spliced Business Formations Within Four Quarters: Total for All NAICS in Connecticut
Not Seasonally Adjusted
BFSBF4QTOTALNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.00
Year-over-Year Change
6.88%
Date Range
7/1/2004 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' trend measures total business formation applications filed in the U.S. without seasonal adjustments. This metric provides insight into underlying business creation activity.
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 'Not Seasonally Adjusted' series from the U.S. Census Bureau tracks the total number of new business applications filed nationwide, excluding seasonal factors. This raw data can indicate broader trends in entrepreneurship and economic growth.
Methodology
The data is collected through administrative records of business applications filed with state governments.
Historical Context
Policymakers and analysts use this trend to understand the state of new firm creation, which is a key driver of innovation and employment.
Key Facts
- Business applications reached a record high in 2021.
- The trend has fluctuated significantly during the COVID-19 pandemic.
- High rates of new firm creation are linked to stronger economic productivity.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' trend tracks the total number of new business applications filed nationwide, excluding any seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This raw data on business formation can provide insights into entrepreneurship, innovation, and broader economic growth trends.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of business applications filed with state governments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the state of new firm creation, which is a key driver of innovation and employment.
Q: Are there update delays or limitations?
A: There may be lags in reporting and publishing the raw, not seasonally adjusted business application data.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (BFSBF4QTOTALNSACT), retrieved from FRED.