Business Applications for Mississippi
BUSAPPWNSAMSYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.53
Year-over-Year Change
-67.53%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Business Applications for Mississippi' series tracks the number of new business applications filed in the state of Mississippi. This metric provides insights into entrepreneurial activity and economic conditions.
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 data series, published by the U.S. Census Bureau, records the number of new business applications received in Mississippi. It serves as an indicator of small business formation and investment in the state's economy.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program.
Historical Context
Policymakers and analysts use this metric to gauge small business dynamism and entrepreneurial trends in Mississippi.
Key Facts
- Mississippi received over 8,000 new business applications in 2021.
- Business applications declined in 2020 due to the COVID-19 pandemic.
- The series dates back to 2004, providing long-term trend data.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications for Mississippi' series tracks the number of new business applications filed in the state of Mississippi. It serves as an indicator of entrepreneurial activity and small business formation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamism of Mississippi's small business sector, which is a key driver of economic growth and employment in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge small business activity and inform decisions related to economic development, entrepreneurship support, and regional competitiveness in Mississippi.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Census Bureau, Business Applications for Mississippi (BUSAPPWNSAMSYY), retrieved from FRED.