SNAP Benefits Recipients in South Carolina
Annual
BR45000SCA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
619,109.00
Year-over-Year Change
-26.02%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the number of new business applications filed with the U.S. Census Bureau, providing insights into entrepreneurial activity and the health of the broader economy.
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 metric tracks the yearly total of applications for new businesses, including corporations, limited liability companies, and other legal formations. It serves as an indicator of economic dynamism and the willingness of individuals to start new commercial ventures.
Methodology
The data is collected and published by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and analysts monitor the Annual trend to gauge the confidence and risk-taking of entrepreneurs, which can inform economic and regulatory decision-making.
Key Facts
- Annual business applications reached a record high in 2020.
- New business formation is positively correlated with economic growth.
- The Annual trend exhibits significant seasonal and cyclical variations.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of new business applications filed with the U.S. Census Bureau on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insights into entrepreneurial activity and the underlying health of the 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 published by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Annual trend to gauge the confidence and risk-taking of entrepreneurs, which can inform economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The Annual data is subject to revision and may have a delay in publication, as is common with many economic indicators.
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Citation
U.S. Federal Reserve, Annual (BR45000SCA647NCEN), retrieved from FRED.