High-Propensity Business Applications for Illinois
HBUSAPPWNSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,120.00
Year-over-Year Change
-29.11%
Date Range
6/10/2006 - 8/2/2025
Summary
The High-Propensity Business Applications for Illinois series tracks the number of new business applications in Illinois that have a high likelihood of turning into businesses with payroll. This metric provides insight into entrepreneurial activity and economic dynamism 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 High-Propensity Business Applications metric identifies new business applications that have characteristics associated with businesses that go on to hire employees and become operational firms. This data helps economists and policymakers understand trends in business formation and entrepreneurial spirit within Illinois.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business application filings.
Historical Context
This metric is used by policymakers, analysts, and institutions to monitor the business climate and entrepreneurial environment in Illinois.
Key Facts
- Illinois saw 10,000 high-propensity business applications in Q4 2022.
- High-propensity applications account for about 40% of total business applications in Illinois.
- Trends in this metric correlate with broader economic conditions and job creation in the state.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Illinois series tracks new business applications in the state that have a high likelihood of turning into operational firms with paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into entrepreneurial activity and business dynamism in Illinois, which are important indicators of economic health and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on business application filings.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and institutions use this metric to monitor the business climate and entrepreneurial environment in Illinois, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Illinois (HBUSAPPWNSAIL), retrieved from FRED.