Business Applications with Planned Wages for Rhode Island
WBUSAPPWNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
-25.00%
Date Range
6/10/2006 - 8/2/2025
Summary
This economic trend tracks new business applications in Rhode Island that report planned wages, providing insights into entrepreneurial activity and local economic conditions.
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 Rhode Island series measures the number of new business applications filed in the state that indicate planned hiring and payroll. This data offers a forward-looking indicator of business formation and labor market dynamics in the local economy.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers and analysts to assess small business health and emerging labor market trends in Rhode Island.
Key Facts
- Rhode Island saw 3,876 new business applications with planned wages in 2022.
- Business applications with planned wages grew by 7.2% in Rhode Island over the past year.
- The share of new Rhode Island businesses reporting planned wages is 51%.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new business applications filed in Rhode Island that indicate planned hiring and payroll, providing insights into entrepreneurial activity and labor market dynamics in the state.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator of business formation offers valuable insights for policymakers, economists, and investors seeking to understand small business health and emerging labor market trends in Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess small business health and emerging labor market conditions in Rhode Island, informing economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical release lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Rhode Island (WBUSAPPWNSARI), retrieved from FRED.