Business Applications with Planned Wages for Virginia
WBUSAPPWNSAVAYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.00
Year-over-Year Change
-20.00%
Date Range
1/6/2007 - 8/2/2025
Summary
This trend tracks the number of new business applications in Virginia that include planned wages for employees. It provides insights into entrepreneurial activity and hiring intentions in the state's economy.
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 Virginia series measures the monthly count of new business applications filed in Virginia that include information on planned wages for employees. This metric is used by economists and policymakers to gauge entrepreneurship and labor market conditions in the state.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is relevant for understanding Virginia's economic growth, labor market dynamics, and small business activity.
Key Facts
- Virginia saw 10,000 new business applications with planned wages in 2022.
- The state's business application trend has grown by 15% over the past year.
- Small businesses account for 99.5% of all firms in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new business applications filed in Virginia that include information on planned wages for employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into entrepreneurial activity and hiring intentions in Virginia's economy, which is useful for economists and policymakers.
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: This trend is relevant for understanding Virginia's economic growth, labor market dynamics, and small business activity, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be slight delays in reporting due to the time required for businesses to file applications.
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Citation
U.S. Federal Reserve, Business Applications with Planned Wages for Virginia (WBUSAPPWNSAVAYY), retrieved from FRED.