Business Applications for Ohio
Percent Change from Year Ago
BUSAPPWNSAOHYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.16
Year-over-Year Change
-94.40%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' metric measures the annual change in business applications, providing insights into entrepreneurial activity and the broader economic climate.
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 trend tracks the year-over-year percent change in the number of new business applications filed with the U.S. government. It serves as an important leading indicator of future economic trends and business formation.
Methodology
The data is collected and calculated by the U.S. Census Bureau using administrative records.
Historical Context
Policymakers and economists closely monitor this metric to gauge the health and dynamism of the entrepreneurial sector.
Key Facts
- Business applications spiked during the COVID-19 pandemic.
- The trend has been volatile, reflecting changing economic conditions.
- Monitoring this data helps policymakers understand entrepreneurial dynamism.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric tracks the annual change in the number of new business applications filed with the U.S. government.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides insights into entrepreneurial activity and the broader economic climate, making it a closely watched metric for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the health and dynamism of the entrepreneurial sector, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a timely basis, but there may be revisions and limitations inherent in using administrative records.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (BUSAPPWNSAOHYY), retrieved from FRED.