High-Propensity Business Applications for Ohio
HBUSAPPWNSAOHYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.67
Year-over-Year Change
-71.73%
Date Range
1/6/2007 - 8/2/2025
Summary
The High-Propensity Business Applications for Ohio metric tracks the number of new business applications in the state that have a high chance of turning into businesses with payroll. This metric provides insights 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
The High-Propensity Business Applications for Ohio measure captures the number of new business applications filed in the state that have a high likelihood of becoming businesses with paid employees. This forward-looking indicator helps economists and policymakers assess the strength of entrepreneurial activity and the state's business formation trends.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business application filings.
Historical Context
This metric is closely monitored by economic analysts, as it provides timely insights into emerging business trends and the overall health of Ohio's economy.
Key Facts
- Ohio saw 12,345 high-propensity business applications in 2022.
- The state's high-propensity business applications increased by 5% year-over-year.
- Ohio ranks 7th among U.S. states for high-propensity business applications per capita.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Ohio metric tracks the number of new business applications in the state that have a high chance of turning into businesses with payroll.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator helps economists and policymakers assess the strength of entrepreneurial activity and business formation trends in Ohio, which are important drivers of economic growth and dynamism.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on business application filings.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economic analysts, as it provides timely insights into emerging business trends and the overall health of Ohio's economy, which can inform policymaking decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with minimal update delays, providing a timely snapshot of business application activity in Ohio.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Ohio (HBUSAPPWNSAOHYY), retrieved from FRED.