Business Applications with Planned Wages for Maryland
WBUSAPPWNSAMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
4.55%
Date Range
5/6/2006 - 6/28/2025
Summary
This trend measures the number of new business applications in Maryland that include planned wages, a leading indicator of future economic activity and employment.
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 Business Applications with Planned Wages for Maryland series tracks the number of new business applications in the state that indicate the business plans to pay wages, reflecting entrepreneurial optimism and investment. This metric is used by policymakers and analysts to gauge the health of the state's small business sector and economic outlook.
Methodology
The data is collected by the U.S. Census Bureau from business applications filed with the Internal Revenue Service.
Historical Context
This trend provides insight into Maryland's small business climate and consumer demand.
Key Facts
- Maryland saw 10,523 new business applications with planned wages in Q4 2022.
- Business applications in Maryland with planned wages increased 14.2% year-over-year in Q4 2022.
- The U.S. nationwide trend shows a 12.5% annual increase in new business applications with planned wages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications filed in Maryland that include planned wages, indicating entrepreneurial activity and investment in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Maryland's small business sector and serves as a leading indicator of future economic activity and employment in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from business applications filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the entrepreneurial climate and small business outlook in Maryland, 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 approximately 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Maryland (WBUSAPPWNSAMD), retrieved from FRED.