Business Applications with Planned Wages: Total for All NAICS in Midwest Census Region
BAWBATOTALSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,711.00
Year-over-Year Change
-4.67%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the number of new business applications with planned wages in the Midwest Census Region of the United States. It provides insights into entrepreneurial activity and labor market dynamics in this key geographic area.
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 that indicate the intention to hire employees. This data point is a leading indicator of economic and labor market trends in the Midwest region.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Policymakers and analysts use this metric to assess entrepreneurial confidence and gauge future hiring and investment in the Midwest economy.
Key Facts
- The Midwest region includes 12 states in the central United States.
- New business applications provide an early signal of future economic activity.
- Planned wages indicate the intention to hire employees.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications in the Midwest region that indicate the intention to hire employees and pay wages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides an early signal of entrepreneurial confidence and future hiring plans in the Midwest economy, which is crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess entrepreneurial activity and gauge future hiring and investment trends in the Midwest region.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, and there may be lags in availability compared to real-time economic conditions.
Related Trends
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New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Midwest Census Region
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in Midwest Census Region (BAWBATOTALSAMW), retrieved from FRED.