Business Applications for Alabama
BUSAPPWNSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,530.00
Year-over-Year Change
13.33%
Date Range
5/6/2006 - 6/28/2025
Summary
The 'Business Applications for Alabama' economic trend tracks the number of new business applications filed in the state of Alabama. This metric serves as an important indicator of entrepreneurial activity and economic dynamism.
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 with the Internal Revenue Service (IRS) for establishments located in the state of Alabama. It is a leading indicator of future business formation and can provide insights into local economic conditions and the entrepreneurial climate.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records from business tax filings.
Historical Context
Economists and policymakers closely monitor business application trends to assess the health of the entrepreneurial ecosystem and inform economic development strategies.
Key Facts
- Alabama saw over 60,000 new business applications in 2021.
- Business applications in Alabama peaked in Q2 2020 during the COVID-19 pandemic.
- The 'Business Applications for Alabama' series dates back to 2004.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed with the IRS for establishments located in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into entrepreneurial activity and the business formation climate within the state of Alabama, which is of interest to economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records from business tax filings.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor business application trends to assess the health of the entrepreneurial ecosystem and inform economic development strategies at the state level.
Q: Are there update delays or limitations?
A: The 'Business Applications for Alabama' data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Census Bureau, Business Applications for Alabama (BUSAPPWNSAAL), retrieved from FRED.