Business Applications: Total for All NAICS in Alabama
BABATOTALSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,708.00
Year-over-Year Change
12.94%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Alabama' trend measures the number of new business applications filed in the state of Alabama across all industry sectors. This metric is an important leading indicator of future economic activity and business formation.
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 data series tracks the total number of new business applications submitted to the U.S. Census Bureau from Alabama. It provides insights into entrepreneurial dynamism and the development of new enterprises in the state's economy.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program, which surveys business applications filed with the Internal Revenue Service.
Historical Context
Policymakers and economists monitor this trend to gauge the health of Alabama's small business landscape and entrepreneurial environment.
Key Facts
- Business applications in Alabama reached a record high in 2021.
- The state saw a 15% increase in new business filings from 2020 to 2021.
- Retail trade and professional services were the top industries for new business applications in Alabama.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Total for All NAICS in Alabama' metric tracks the number of new business applications filed in the state of Alabama across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important leading indicator of future economic activity and entrepreneurial dynamism in Alabama's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program, which surveys business applications filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the health of Alabama's small business landscape and entrepreneurial environment.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag, so the latest figures may not reflect the most current business application activity.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Alabama (BABATOTALSAAL), retrieved from FRED.