High-Propensity Business Applications for Pennsylvania
HBUSAPPWNSAPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,090.00
Year-over-Year Change
3.81%
Date Range
6/10/2006 - 8/2/2025
Summary
The High-Propensity Business Applications for Pennsylvania trend measures the number of new, high-potential business applications filed in the state. 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
High-propensity business applications indicate the filing of new business applications that have a higher likelihood of transitioning into businesses with payroll. This trend offers valuable data on the state's entrepreneurial climate and the potential for future economic growth.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and economists monitor this trend to gauge Pennsylvania's business formation and assess the state's competitive position for attracting new enterprises.
Key Facts
- Pennsylvania ranked 7th nationally in high-propensity business applications in 2022.
- The state's high-propensity business application rate increased by 15% from 2021 to 2022.
- Trends in high-propensity applications can signal changes in the state's economic dynamism.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Pennsylvania trend measures the number of new business applications in the state that have a higher likelihood of transitioning into businesses with payroll.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into entrepreneurial activity and the potential for future economic growth in Pennsylvania.
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: Policymakers and economists monitor this trend to gauge Pennsylvania's business formation and assess the state's competitive position for attracting new enterprises.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Census Bureau, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Pennsylvania (HBUSAPPWNSAPA), retrieved from FRED.