Seasonally Adjusted
PWBUSAPPSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,958.00
Year-over-Year Change
45.68%
Date Range
7/1/2004 - 10/1/2020
Summary
The Seasonally Adjusted Private Workweek in Business Applications measures the average workweek length for new business applications in the United States. It provides insights into labor market trends and economic activity.
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 economic indicator tracks the average number of hours worked per week by individuals who have recently filed for new business applications. It is used by economists and policymakers to assess the strength of entrepreneurial activity and labor force dynamics.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
The Seasonally Adjusted Private Workweek in Business Applications is an important signal for monitoring the health of the small business sector and labor market conditions.
Key Facts
- The series is seasonally adjusted to account for recurring calendar-related fluctuations.
- Longer workweeks can indicate increased entrepreneurial activity and economic growth.
- The data is released monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Private Workweek in Business Applications measures the average number of hours worked per week by individuals who have recently filed for new business applications in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the strength of entrepreneurial activity and labor market dynamics, which are important signals for monitoring the health of the small business sector and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Seasonally Adjusted Private Workweek in Business Applications to assess the state of the labor market and small business sector, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical lag of several weeks from the reference period.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Private Workweek in Business Applications (PWBUSAPPSAAL), retrieved from FRED.