Business Applications with Planned Wages: Total for All NAICS in Montana
BAWBATOTALNSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.00
Year-over-Year Change
-8.92%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of new business applications with planned wages in Montana across all industries. It provides insights into entrepreneurial activity and economic dynamism 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 number of new business applications filed in Montana that indicate the intention to hire employees. This is a leading indicator of future economic growth and business formation.
Methodology
The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Historical Context
Policymakers and analysts use this metric to assess the business climate and entrepreneurial spirit in Montana.
Key Facts
- Montana saw a 15% increase in business applications with planned wages in 2021.
- Service-based industries accounted for over 60% of new business applications in Montana.
- The state's business application rate is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed in Montana that indicate the intention to hire employees, providing insights into entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator of future economic growth and business formation, which is important for policymakers and analysts assessing the business climate and entrepreneurial spirit in Montana.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the business climate and entrepreneurial activity in Montana, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some time lag between the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Montana (BAWBATOTALNSAMT), retrieved from FRED.