Seasonally Adjusted
PWBUSAPPSAID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,021.00
Year-over-Year Change
23.01%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Business Applications for Incorporation (PWBUSAPPSAID) measures the number of applications for new business formations in the United States. This metric is closely watched by economists and policymakers as an indicator 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 Seasonally Adjusted Business Applications for Incorporation tracks the number of applications for new businesses filed with the Internal Revenue Service (IRS). This data provides insight into the level of entrepreneurial and startup activity, which is a key driver of innovation, productivity growth, and job creation.
Methodology
The data is collected and published monthly by the U.S. Census Bureau based on applications filed with the IRS.
Historical Context
Trends in business applications are used by policymakers, analysts, and investors to assess the health and outlook of the broader economy.
Key Facts
- The series began in 2004.
- Application volumes typically rise during economic expansions.
- Applications dropped sharply early in the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Business Applications for Incorporation tracks the number of new business formation applications filed with the IRS each month.
Q: Why is this trend relevant for users or analysts?
A: Trends in business applications provide insight into entrepreneurial activity and economic dynamism, which are key drivers of innovation, productivity growth, and job creation.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Census Bureau based on applications filed with the IRS.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors monitor business application trends to assess the health and outlook of the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Census Bureau, Seasonally Adjusted Business Applications for Incorporation (PWBUSAPPSAID), retrieved from FRED.