Business Applications for Indiana
Percent Change from Year Ago
BUSAPPWNSAINYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.70
Year-over-Year Change
-160.54%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' measures the year-over-year change in the Business Applications: With Planned Wages, Seasonally Adjusted indicator. This metric is closely watched by economists to gauge business formation and entrepreneurial activity.
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, Seasonally Adjusted indicator tracks the number of new business applications filed with the Internal Revenue Service that project hiring employees. This serves as a leading indicator of future economic activity and business dynamism.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative filings.
Historical Context
Policymakers and analysts use this metric to understand changes in entrepreneurship and small business formation, which are key drivers of job creation and economic growth.
Key Facts
- Business applications with planned wages grew 9.6% year-over-year in 2022.
- High levels of new business applications indicate strong entrepreneurial activity.
- The business applications metric is a leading indicator of future employment and economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the year-over-year change in the number of new business applications filed with the IRS that project hiring employees.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as a leading indicator of future economic activity, entrepreneurship, and small business formation, which are key drivers of job creation and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative filings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand changes in entrepreneurship and small business formation, which are important for monitoring job creation and economic dynamism.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of around 2 months.
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Citation
U.S. Federal Reserve, Business Applications: With Planned Wages, Seasonally Adjusted (BUSAPPWNSAINYY), retrieved from FRED.