Business Formations Within Eight Quarters: Total for All NAICS in Louisiana
BFBF8QTOTALNSALA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
312.00
Year-over-Year Change
35.65%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Louisiana' trend measures the number of new business formations in Louisiana within an eight-quarter time frame. This data 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
This metric tracks the total number of new business applications in Louisiana that are projected to become active businesses within eight quarters. It is a useful indicator of economic vitality and small business growth in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of business applications.
Historical Context
This trend is closely monitored by policymakers, economic development agencies, and market analysts to assess the business climate and entrepreneurial ecosystem in Louisiana.
Key Facts
- Louisiana ranked 19th nationally in business formations in 2021.
- The trend peaked in Q4 2020 at 7,654 new business applications.
- Service sector businesses account for the majority of new formations in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications in Louisiana that are projected to become active businesses within an eight-quarter time frame.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into entrepreneurial activity and small business growth in Louisiana, which are key indicators of economic dynamism and vitality in the state.
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 business applications.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economic development agencies, and market analysts to assess the business climate and entrepreneurial ecosystem in Louisiana.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be slight delays in reporting due to the time required for business applications to become active.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Louisiana (BFBF8QTOTALNSALA), retrieved from FRED.