SNAP Benefits Recipients in Kansas
Monthly
BRKS20M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,206.00
Year-over-Year Change
-3.44%
Date Range
1/1/1981 - 6/1/2023
Summary
The Monthly trend measures the number of monthly new business applications filed in the United States, providing insights into entrepreneurial activity and the health of the economy.
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 Monthly trend, also known as the New Business Applications: Total, tracks the total number of new business applications submitted to the U.S. Census Bureau on a monthly basis. This metric is a leading indicator of economic growth and investment.
Methodology
The data is collected directly from the U.S. Census Bureau's Business Formation Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the pace of new business formation and entrepreneurial dynamism.
Key Facts
- New business applications reached a record high in 2020.
- The Monthly trend declined sharply in early 2020 due to the COVID-19 pandemic.
- Healthy levels of new business formation are a sign of economic dynamism.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the total number of new business applications filed with the U.S. Census Bureau on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into entrepreneurial activity and is a leading indicator of economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Census Bureau's Business Formation Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the pace of new business formation and entrepreneurial dynamism in the economy.
Q: Are there update delays or limitations?
A: The Monthly trend data is released with a lag of approximately one month.
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Citation
U.S. Federal Reserve, New Business Applications: Total (BRKS20M647NCEN), retrieved from FRED.