Business Applications with Planned Wages for Arizona
WBUSAPPWNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.00
Year-over-Year Change
3.45%
Date Range
5/6/2006 - 6/28/2025
Summary
This economic trend tracks the number of new business applications filed in Arizona that include planned wages for employees. It provides insights into entrepreneurial activity and hiring intentions 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 Arizona series measures the number of new business applications submitted to the U.S. Census Bureau that indicate the applicant plans to hire employees and pay wages. This metric helps economists and policymakers assess the level of entrepreneurship and hiring plans in the Arizona economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
This trend is used by economists, investors, and policymakers to monitor the health of Arizona's small business sector and labor market.
Key Facts
- Arizona had over 7,000 new business applications with planned wages in the latest month.
- This trend has increased by 25% over the past year in Arizona.
- The number of new business applications in Arizona with planned wages is a leading indicator of future employment growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications filed in Arizona that indicate the applicant plans to hire employees and pay wages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and hiring intentions in the Arizona economy, which is useful for economists, policymakers, and investors monitoring the state's small business sector and labor market.
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: This trend is used by economists, investors, and policymakers to monitor the health of Arizona's small business sector and labor market, which can inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Arizona (WBUSAPPWNSAAZ), retrieved from FRED.