High-Propensity Business Applications for Midwest Census Region
HBUSAPPWNSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,720.00
Year-over-Year Change
13.32%
Date Range
5/6/2006 - 6/28/2025
Summary
The High-Propensity Business Applications for Midwest Census Region measures the volume of new business applications in the Midwest region that have a high likelihood of turning into businesses with payroll. This metric is a leading indicator of entrepreneurial activity and economic growth in the region.
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 High-Propensity Business Applications metric tracks the number of new business applications submitted in the Midwest that are considered likely to result in businesses with payroll. This provides insight into the level of entrepreneurial dynamism and business formation in the region.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This metric is closely monitored by policymakers and economists to assess the health of the Midwest's business environment and economic outlook.
Key Facts
- Midwest region includes 12 states in the central U.S.
- Metric includes applications with a high likelihood of forming a payroll business
- Serves as a leading indicator of entrepreneurial activity and economic growth
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Midwest Census Region tracks the volume of new business applications in the Midwest that are considered likely to result in businesses with payroll.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of entrepreneurial dynamism and business formation in the Midwest region, serving as a leading indicator of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and economists to assess the health of the Midwest's business environment and economic outlook.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into entrepreneurial activity in the Midwest.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Midwest Census Region (HBUSAPPWNSAMW), retrieved from FRED.