Business Applications with Planned Wages: Total for All NAICS in South Carolina
BAWBATOTALSASC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
658.00
Year-over-Year Change
-15.42%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications with Planned Wages: Total for All NAICS in South Carolina' tracks the number of new business applications in South Carolina that report planned wages. This metric is an important leading indicator of economic activity and job creation 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
This series measures the total number of new business applications filed in South Carolina that indicate planned wages for employees. It provides insight into entrepreneurial activity and the potential for future employment growth in the state's economy.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and economists closely monitor this data to assess the business climate and make informed decisions.
Key Facts
- South Carolina saw a record high in new business applications with planned wages in 2021.
- The trend in business applications is a leading indicator of future job creation and economic growth.
- Monitoring this data helps policymakers understand entrepreneurial activity and business sentiment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed in South Carolina that indicate planned wages for employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and the potential for future employment growth in South Carolina's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this data to assess the business climate and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the nature of the data collection process.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages: Total for All NAICS in South Carolina (BAWBATOTALSASC), retrieved from FRED.