High-Propensity Business Applications: Total for All NAICS in Pennsylvania
BAHBATOTALSAPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,949.00
Year-over-Year Change
61.13%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Pennsylvania trend measures the number of new high-propensity business applications filed in the state. This metric is an important indicator of entrepreneurial activity and economic dynamism.
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 data series tracks the total number of new business applications that have a high chance of becoming businesses with payroll. It provides insights into the level of entrepreneurship and the health of the business environment in Pennsylvania.
Methodology
The data is collected by the U.S. Census Bureau based on administrative business registration records.
Historical Context
Policymakers and analysts use this metric to assess the business climate and economic conditions in Pennsylvania.
Key Facts
- Pennsylvania saw 13,590 new high-propensity business applications in January 2023.
- High-propensity applications have a high likelihood of turning into businesses with payroll.
- New business formation is a key indicator of economic vitality and future job growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new high-propensity business applications filed in the state of Pennsylvania. High-propensity applications are those 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 is an important indicator of entrepreneurial activity and the overall business climate in Pennsylvania. Monitoring trends in new business formation provides insights into the state's economic dynamism and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on administrative records of new business registrations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business environment and inform decisions related to economic development, tax policy, and entrepreneurship support programs in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, so the most recent figures may not reflect the current state of the Pennsylvania business climate.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Pennsylvania (BAHBATOTALSAPA), retrieved from FRED.