Seasonally Adjusted
PWBUSAPPSAPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,971.00
Year-over-Year Change
14.34%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted series measures the number of U.S. businesses applications with planned wages, providing insight into new business formation and economic activity.
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 series, published by the U.S. Census Bureau, tracks the number of applications for new businesses in the United States that indicate planned payroll expenditures. It serves as an important leading indicator of economic growth and entrepreneurial dynamism.
Methodology
The data is collected through administrative records of business applications submitted to state and local governments.
Historical Context
Policymakers and analysts monitor this metric to gauge the health of the startup ecosystem and broader economic conditions.
Key Facts
- Business applications with planned wages hit a record high in Q4 2021.
- The series experienced a sharp decline early in the COVID-19 pandemic but has since rebounded.
- Robust levels of new business formation can signal economic dynamism and future growth.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Business Applications with Planned Wages series tracks the number of new business applications in the United States that indicate planned payroll expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an important leading indicator of economic growth and entrepreneurial dynamism, providing insights into new business formation and the health of the startup ecosystem.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of business applications submitted to state and local governments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge the strength of the economy and make informed decisions about economic policies and programs.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a brief delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Census Bureau, Seasonally Adjusted Business Applications with Planned Wages (PWBUSAPPSAPA), retrieved from FRED.