High-Propensity Business Applications for Massachusetts
HBUSAPPWNSAMAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.33
Year-over-Year Change
-27.92%
Date Range
1/6/2007 - 6/28/2025
Summary
The High-Propensity Business Applications for Massachusetts metric tracks new business applications in the state that have a high chance of turning into businesses with payroll. This provides insight into 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 number of new business applications filed in Massachusetts that have a high likelihood of transitioning into businesses with paid employees. It serves as an early indicator of future business formation and economic growth in the state.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess entrepreneurial conditions and the business climate in Massachusetts.
Key Facts
- High-propensity applications have a 60%+ chance of turning into businesses with payroll.
- Massachusetts ranked 8th among U.S. states for high-propensity business applications in 2021.
- New business applications in Massachusetts rose 24% from 2019 to 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks new business applications in Massachusetts that have a high likelihood of becoming operational businesses with paid employees.
Q: Why is this trend relevant for users or analysts?
A: The high-propensity business applications indicator provides an early signal of future entrepreneurial activity and economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business climate and entrepreneurial conditions in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a lag of several weeks.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Massachusetts (HBUSAPPWNSAMAYY), retrieved from FRED.