High-Propensity Business Applications: Total for All NAICS in Northeast Census Region
BAHBATOTALSANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,317.00
Year-over-Year Change
13.64%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic indicator tracks the number of high-propensity business applications in the Northeastern United States. It serves as an important leading indicator for regional economic activity and entrepreneurship.
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: Total for All NAICS in Northeast Census Region is a metric compiled by the U.S. Census Bureau to quantify new business formation in the Northeast. It captures applications for employer identification numbers that have a high probability of turning into businesses with payroll.
Methodology
The data is collected through administrative records of applications for Employer Identification Numbers filed with the Internal Revenue Service.
Historical Context
This regional business application data is closely monitored by policymakers and analysts to gauge the economic health and entrepreneurial dynamism of the Northeastern states.
Key Facts
- The Northeast accounts for over 20% of U.S. high-propensity business applications.
- Business applications in the Northeast have grown by over 40% since 2010.
- High-propensity applications signal potential for significant job creation.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new business applications in the Northeastern United States that have a high probability of turning into employer businesses.
Q: Why is this trend relevant for users or analysts?
A: The high-propensity business applications metric is an important leading indicator for regional economic activity and entrepreneurial dynamism in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of applications for Employer Identification Numbers filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: This regional business application data is closely monitored by policymakers and analysts to gauge the economic health and entrepreneurial climate of the Northeastern states.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month lag in reporting.
Related Trends
Other Financial Information: Other Money Receipts by Region: Residence in the Northeast Census Region
CXUOTHRMONYLB1102M
Expenditures: Apparel, Children Under 2 by Region: Residence in the Northeast Census Region
CXUINFANTLB1102M
New Private Housing Units Authorized by Building Permits for the Northeast Census Region
CNERBPPRIVSA
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for the Northeast Census Region
CNERBP1FHSA
Personal Taxes: Federal Income Taxes by Region: Residence in the Northeast Census Region
CXUFEDTAXESLB1102M
Expenditures: Education by Region: Residence in the Northeast Census Region
CXUEDUCATNLB1102M
Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Northeast Census Region (BAHBATOTALSANO), retrieved from FRED.