Business Applications: Total for All NAICS in Massachusetts
BABATOTALSAMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,522.00
Year-over-Year Change
4.97%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend tracks new business applications in Massachusetts across all industries. It provides insight into entrepreneurial activity and economic dynamism 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: Total for All NAICS in Massachusetts series measures the number of new business applications filed each month in Massachusetts. This data offers a real-time indicator of entrepreneurship and economic growth in the state.
Methodology
The data is collected by the U.S. Census Bureau from business application filings.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of the Massachusetts economy.
Key Facts
- Business applications in Massachusetts reached a record high in 2021.
- The state has consistently ranked among the top 5 U.S. states for new business formation.
- High levels of entrepreneurial activity are linked to greater economic dynamism and job creation.
FAQs
Q: What does this economic trend measure?
A: The Business Applications: Total for All NAICS in Massachusetts series tracks the number of new business applications filed each month in the state across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a real-time indicator of entrepreneurial activity and economic dynamism in Massachusetts, which is valuable for policymakers, investors, and economists analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from business application filings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of the Massachusetts economy, as high levels of new business formation are linked to greater economic growth and job creation.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Massachusetts (BABATOTALSAMA), retrieved from FRED.