High-Propensity Business Applications for Rhode Island
HBUSAPPWNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
-11.11%
Date Range
5/6/2006 - 6/28/2025
Summary
The High-Propensity Business Applications for Rhode Island indicator tracks the number of new business applications in the state that have a high likelihood of turning into businesses with payroll. This metric is closely watched by economists and policymakers as an early signal of entrepreneurial activity and economic dynamism.
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 series measures the number of new business applications filed in Rhode Island that have a high chance of becoming businesses with paid employees. This statistic is seen as a leading indicator of future economic growth and employment, as successful startups create new jobs and contribute to broader economic expansion.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Policymakers and analysts use this indicator to assess the entrepreneurial climate and business dynamism in Rhode Island, which can inform economic development strategies and policies.
Key Facts
- Rhode Island saw 2,837 high-propensity business applications in Q3 2022.
- This represents a 4.6% increase from the previous quarter.
- The U.S. as a whole had over 420,000 high-propensity applications in Q3 2022.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Rhode Island indicator tracks the number of new business applications in the state that are likely to result in businesses with paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched leading indicator of entrepreneurial activity and economic growth, as successful startups create new jobs and contribute to broader economic expansion.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the entrepreneurial climate and business dynamism in Rhode Island, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in observing the most recent trends.
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Citation
U.S. Census Bureau, High-Propensity Business Applications for Rhode Island (HBUSAPPWNSARI), retrieved from FRED.