High-Propensity Business Applications: Total for All NAICS in Utah
BAHBATOTALNSAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,814.00
Year-over-Year Change
9.61%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Utah trend measures the number of new business applications with a high likelihood of turning into businesses that hire employees in the state of Utah.
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 provides insights into the entrepreneurial activity and growth potential within Utah's economy. Tracking these high-propensity business applications can help policymakers and analysts assess the state's business dynamism and identify emerging sectors.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Historical Context
This trend is widely used by economic development agencies, chambers of commerce, and market analysts to monitor Utah's business climate and forecast future economic activity.
Key Facts
- Utah has consistently ranked among the top states for business growth and entrepreneurship.
- High-propensity business applications have steadily increased in Utah over the past decade.
- The state's favorable business climate and workforce contribute to its robust entrepreneurial ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications in Utah that have a high likelihood of turning into businesses that hire employees.
Q: Why is this trend relevant for users or analysts?
A: Tracking high-propensity business applications provides insights into Utah's entrepreneurial activity and growth potential, which is valuable for policymakers, economic development organizations, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Q: How is this trend used in economic policy?
A: Economic development agencies, chambers of commerce, and market analysts use this trend to monitor Utah's business climate and forecast future economic activity.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Census Bureau, and there may be occasional delays in data availability.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Utah (BAHBATOTALNSAUT), retrieved from FRED.