Seasonally Adjusted
BUSAPPSAFL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,160.00
Year-over-Year Change
36.50%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Business Applications for Startups (BUSAPPSAFL) metric tracks the number of new business applications filed with the Internal Revenue Service (IRS) on a seasonally adjusted basis. This data provides 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
The Seasonally Adjusted Business Applications for Startups (BUSAPPSAFL) is a key economic indicator that measures the volume of new business applications filed with the IRS. By adjusting for seasonal fluctuations, this series offers a more accurate picture of underlying trends in entrepreneurial activity.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on IRS administrative records.
Historical Context
Economists and policymakers monitor this metric to gauge the dynamism of the U.S. economy and the appetite for business creation.
Key Facts
- New business applications peaked in 2020 during the COVID-19 pandemic.
- Startup activity varies significantly by industry and geographic region.
- Trends in business applications can signal changes in the broader economic climate.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Business Applications for Startups (BUSAPPSAFL) metric tracks the number of new business applications filed with the Internal Revenue Service (IRS) on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into entrepreneurial activity and the overall health of the U.S. economy, which is of interest to economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on IRS administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge the dynamism of the U.S. economy and the appetite for business creation, which can inform economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, with some potential for delays in publication due to the nature of the underlying administrative records.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Business Applications for Startups (BUSAPPSAFL), retrieved from FRED.