Business Applications with Planned Wages for Indiana
WBUSAPPWNSAIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.00
Year-over-Year Change
-31.82%
Date Range
6/10/2006 - 8/2/2025
Summary
The 'Business Applications with Planned Wages for Indiana' metric tracks the number of new business applications in Indiana that indicate the intention to hire employees. This provides insight into economic growth and entrepreneurial activity 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
This series measures the number of new business applications filed in Indiana that include the intention to hire paid employees. It serves as an indicator of entrepreneurship and economic dynamism, as businesses with planned wages are more likely to translate into actual new jobs and economic expansion.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to gauge the health of Indiana's small business environment and labor market outlook.
Key Facts
- Indiana saw 12,348 new business applications with planned wages in 2021.
- This metric reached a record high in Indiana during the COVID-19 pandemic in 2020.
- The number of new business applications with planned wages is a leading indicator of future employment growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications filed in Indiana that indicate the intention to hire paid employees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into entrepreneurial activity and the health of Indiana's small business environment, which are important indicators of economic growth and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the outlook for employment and small business growth in Indiana.
Q: Are there update delays or limitations?
A: There may be delays in the publication of this data, as it is collected and reported by the Census Bureau.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Indiana (WBUSAPPWNSAIN), retrieved from FRED.