High-Propensity Business Applications: Total for All NAICS in Connecticut
BAHBATOTALNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,246.00
Year-over-Year Change
0.97%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of high-propensity business applications in Connecticut across all industries. It provides insight into entrepreneurial activity and business formation 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 High-Propensity Business Applications metric tracks the volume of new business applications that have a high likelihood of turning into businesses with paid employees. This data is a leading indicator of future economic and job growth.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and economists analyze this trend to assess the business climate and entrepreneurial dynamism in Connecticut.
Key Facts
- Connecticut saw 3,032 high-propensity business applications in June 2022.
- This figure represents a 6.4% increase from the previous year.
- The high-propensity application rate in Connecticut is above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications in Connecticut that have a high likelihood of turning into businesses with paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and business formation in Connecticut, which are leading indicators of future economic growth and job creation.
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 economists analyze this trend to assess the business climate and entrepreneurial dynamism in Connecticut, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be a 1-2 month lag in the most recent figures being available.
Related Trends
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Connecticut
CTWHOLEQGSP
Business Applications for Connecticut
BUSAPPWNSACT
Estimate of People of All Ages in Poverty in Connecticut
PEAACT09000A647NCEN
All Employees: Financial Activities: Depository Credit Intermediation Including Monetary Authorities - Central Bank in Connecticut
SMU09000005552210001SA
Coefficient for Transportation Carbon Dioxide Emissions, Jet Fuel for Connecticut
EMISSCO2CJFACBCTA
Professional and Technical Services Wages and Salaries in Connecticut
CTWPRO
Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Connecticut (BAHBATOTALNSACT), retrieved from FRED.