Business Applications: Total for All NAICS in Northeast Census Region
BABATOTALSANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,176.00
Year-over-Year Change
8.42%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Northeast Census Region' trend tracks the number of new business applications filed in the Northeastern United States. This data provides insights into regional entrepreneurial activity and economic growth.
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 economic indicator measures the total number of new business applications filed across all industry sectors in the Northeast Census region of the United States. It serves as a leading indicator of future business formations and economic conditions in the region.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Policymakers and analysts use this regional business application data to assess entrepreneurial dynamism and monitor economic conditions.
Key Facts
- The Northeast Census region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Business applications in the Northeast reached a record high in 2020 despite the COVID-19 pandemic.
- Entrepreneurial activity as measured by business applications is a leading indicator of future economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business applications filed across all industry sectors in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: The business application data provides insights into regional entrepreneurial activity and serves as a leading indicator of future economic conditions in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this regional business application data to assess entrepreneurial dynamism and monitor economic conditions in the Northeast.
Q: Are there update delays or limitations?
A: The business application data is published on a timely basis with minimal delays, providing a near real-time view of entrepreneurial activity in the region.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Northeast Census Region (BABATOTALSANO), retrieved from FRED.