Business Applications with Planned Wages for West Virginia
WBUSAPPWNSAWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
0.00%
Date Range
5/6/2006 - 6/28/2025
Summary
This economic trend tracks the number of new business applications in West Virginia that include planned wages, providing insights into entrepreneurial activity and labor market dynamics 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
The Business Applications with Planned Wages for West Virginia metric measures the number of new business applications filed in the state that indicate the business plans to have paid employees. This data offers a timely gauge of entrepreneurial intent and can signal emerging labor market trends.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and analysts use this metric to assess the health of West Virginia's small business environment and labor market conditions.
Key Facts
- West Virginia saw 876 new business applications with planned wages in January 2023.
- The state's business application trend has increased by 10% over the past year.
- Small businesses account for 99.1% of all companies in West Virginia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications filed in West Virginia that indicate the business plans to have paid employees, providing insights into entrepreneurial activity and labor market dynamics in the state.
Q: Why is this trend relevant for users or analysts?
A: The Business Applications with Planned Wages for West Virginia data offers a timely gauge of entrepreneurial intent and can signal emerging labor market trends, making it useful for policymakers and analysts assessing the health of the state's small business environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of West Virginia's small business environment and labor market conditions, informing economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for West Virginia (WBUSAPPWNSAWV), retrieved from FRED.