Business Applications for Illinois
Number
BUSAPPWNSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,980.00
Year-over-Year Change
-22.60%
Date Range
6/10/2006 - 8/2/2025
Summary
The 'Business Applications: Retail Trade, Wholesale Trade, Transportation, and Warehousing' trend tracks the number of new business applications in key economic sectors.
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 indicator provides insight into entrepreneurial activity and the health of the retail, wholesale, transportation, and warehousing industries. It is used by economists and policymakers to monitor the business cycle and identify emerging economic trends.
Methodology
The data is collected by the U.S. Census Bureau from applications for new Employer Identification Numbers.
Historical Context
Tracking business applications is crucial for understanding consumer demand, supply chain dynamics, and the broader economic outlook.
Key Facts
- New business applications peaked in 2020 during the COVID-19 pandemic.
- The retail trade sector accounts for the largest share of new applications.
- Transportation and warehousing experienced a surge in applications in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Retail Trade, Wholesale Trade, Transportation, and Warehousing' trend tracks the number of new business applications in key economic sectors.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into entrepreneurial activity and the health of important industries, making it a valuable tool for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from applications for new Employer Identification Numbers.
Q: How is this trend used in economic policy?
A: Tracking business applications is crucial for understanding consumer demand, supply chain dynamics, and the broader economic outlook, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a weekly basis, with a short lag, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Business Applications: Retail Trade, Wholesale Trade, Transportation, and Warehousing (BUSAPPWNSAIL), retrieved from FRED.