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Monthly, Not Seasonally Adjusted

NEINFON • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

17.50

Year-over-Year Change

-0.57%

Date Range

1/1/1990 - 7/1/2025

Summary

The 'Monthly, Not Seasonally Adjusted' trend measures the number of new business applications filed each month in the U.S. It 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

This trend tracks the volume of new business applications submitted to the U.S. Census Bureau on a monthly basis, without adjustments for seasonal variations. It serves as an indicator of startup and small business formation, which is a key driver of economic growth and innovation.

Methodology

The data is collected through mandatory business registration filings with the U.S. Census Bureau.

Historical Context

Policymakers and economists monitor this trend to assess the health of the entrepreneurial ecosystem and broader economic conditions.

Key Facts

  • New business applications reached a record high in 2020.
  • The trend saw a sharp decline at the onset of the COVID-19 pandemic.
  • Healthy business formation is a key indicator of economic resilience.

FAQs

Q: What does this economic trend measure?

A: The 'Monthly, Not Seasonally Adjusted' trend tracks the number of new business applications filed in the U.S. each month, without adjusting for seasonal variations.

Q: Why is this trend relevant for users or analysts?

A: This trend provides insights into entrepreneurial activity and the formation of new businesses, which are critical drivers of economic growth, innovation, and job creation.

Q: How is this data collected or calculated?

A: The data is collected through mandatory business registration filings with the U.S. Census Bureau.

Q: How is this trend used in economic policy?

A: Policymakers and economists monitor this trend to assess the health of the entrepreneurial ecosystem and broader economic conditions, which can inform policy decisions.

Q: Are there update delays or limitations?

A: The data is released on a monthly basis, but there may be a short delay between the reference period and the publication of the figures.

Related Trends

Citation

U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (NEINFON), retrieved from FRED.