Business Applications with Planned Wages for Midwest Census Region
WBUSAPPWNSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,980.00
Year-over-Year Change
-4.35%
Date Range
5/6/2006 - 6/28/2025
Summary
This economic trend tracks the number of new business applications filed in the Midwest census region that include planned wages for employees. It provides insights into entrepreneurial activity and labor market conditions in the region.
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 Midwest Census Region series measures the number of new business applications submitted in the Midwest states that indicate the business plans to have paid employees. This metric offers a forward-looking indicator of entrepreneurship and labor demand in the region.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
Economists and policymakers monitor this trend to assess the health of the regional economy and labor market.
Key Facts
- New business applications in the Midwest reached a record high in 2021.
- The Midwest region accounts for about 22% of total U.S. business applications.
- Business applications with planned wages signal new job creation in the region.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new business applications filed in the Midwest census region that include planned wages for employees.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into entrepreneurial activity and labor market conditions in the Midwest region, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business registration filings.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the regional economy and labor market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a short lag period from the end of the reporting month.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Midwest Census Region (WBUSAPPWNSAMW), retrieved from FRED.