Business Applications with Planned Wages: Total for All NAICS in Arkansas
BAWBATOTALNSAAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
386.00
Year-over-Year Change
-2.03%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the number of new business applications in Arkansas that indicate planned wages for employees. It provides insights into entrepreneurial activity and emerging economic opportunities 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 Business Applications with Planned Wages metric tracks the volume of new business applications filed in Arkansas that include information about expected payroll. This data point offers economists and policymakers a leading indicator of entrepreneurial dynamism and future employment growth within the state.
Methodology
The U.S. Census Bureau collects this data by analyzing business application filings.
Historical Context
Trends in business applications can inform economic development initiatives and workforce planning at the state level.
Key Facts
- Arkansas saw 2,837 new business applications with planned wages in January 2023.
- This represents a 9.5% increase from the previous month.
- The series reached a record high of 3,081 applications in September 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new business applications filed in Arkansas that indicate planned wages for employees. It provides insights into entrepreneurial activity and job creation in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in business applications with planned wages offer a leading indicator of future economic growth and employment opportunities in Arkansas. This data can inform state-level policy and development initiatives.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data by analyzing business application filings.
Q: How is this trend used in economic policy?
A: Economists and policymakers can use this data to assess entrepreneurial dynamism and plan for future workforce and economic development needs in Arkansas.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Census Bureau with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Arkansas (BAWBATOTALNSAAR), retrieved from FRED.