High-Propensity Business Applications: Total for All NAICS in Midwest Census Region
BAHBATOTALSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,360.00
Year-over-Year Change
20.67%
Date Range
7/1/2004 - 6/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Midwest Census Region tracks the number of new business applications in the Midwest U.S. region, providing insights into 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 high-propensity business applications across all North American Industry Classification System (NAICS) sectors in the Midwest region of the United States. It serves as a leading indicator of future business formations and hiring.
Methodology
The data is collected by the U.S. Census Bureau through analysis of business registration filings.
Historical Context
Policymakers and economists use this metric to monitor entrepreneurial trends and assess the broader health of the Midwest regional economy.
Key Facts
- Applications peaked in Q4 2020 at over 72,000.
- Application levels have remained elevated since the COVID-19 pandemic.
- The Midwest accounts for approximately 20% of national business applications.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of new high-propensity business applications across all industries in the Midwest U.S. region.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into entrepreneurial activity and serves as a leading indicator of future business formations and hiring in the Midwest economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through analysis of business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor entrepreneurial trends and assess the broader health of the Midwest regional economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Midwest Census Region (BAHBATOTALSAMW), retrieved from FRED.