Business Applications with Planned Wages for Alabama
WBUSAPPWNSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.00
Year-over-Year Change
-25.00%
Date Range
6/10/2006 - 8/2/2025
Summary
This trend tracks the number of new business applications in Alabama that indicate planned wages, providing insights into entrepreneurial activity and economic conditions in the state.
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 Business Applications with Planned Wages for Alabama series measures the volume of new business applications in the state that report plans to hire employees and pay wages. This metric is used by economists and policymakers to assess the health of Alabama's entrepreneurial ecosystem and gauge future employment growth.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is closely monitored by state and local officials to inform economic development policies and track the impact of business incentives.
Key Facts
- Alabama ranked 23rd among U.S. states for new business applications in 2021.
- The state saw a 25% increase in business applications with planned wages from 2020 to 2021.
- New business formation is a key driver of job creation and economic growth in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new business applications in Alabama that indicate plans to hire employees and pay wages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into entrepreneurial activity and future employment growth in Alabama, which is valuable information for economic policymakers and analysts.
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: State and local officials closely monitor this trend to inform economic development policies and track the impact of business incentives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 2-3 month lag in availability.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Alabama (WBUSAPPWNSAAL), retrieved from FRED.