Business Applications with Planned Wages for Wisconsin
WBUSAPPWNSAWIYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-21.43
Year-over-Year Change
-260.77%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Business Applications with Planned Wages for Wisconsin' series tracks new business applications in Wisconsin that report planned wages, providing insights into the state's economic dynamism and job creation potential.
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
This data series, published by the U.S. Census Bureau, monitors the volume of new business applications in Wisconsin that indicate planned payroll expenditures. It serves as an early indicator of emerging economic activity and entrepreneurial trends within the state.
Methodology
The data is collected through the Census Bureau's Business Formation Statistics program, which analyzes administrative business registration records.
Historical Context
Economists and policymakers use this metric to assess the health of Wisconsin's small business ecosystem and its capacity for future employment growth.
Key Facts
- Wisconsin saw a record high number of new business applications with planned wages in 2021.
- The state's business application growth rate has outpaced the national average in recent years.
- Trends in this metric correlate with changes in Wisconsin's unemployment and job creation rates.
FAQs
Q: What does this economic trend measure?
A: This metric tracks new business applications in Wisconsin that indicate planned payroll expenditures, providing insights into the state's entrepreneurial activity and job creation potential.
Q: Why is this trend relevant for users or analysts?
A: This data serves as an early indicator of emerging economic conditions and small business dynamism within Wisconsin, which is of interest to economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Business Formation Statistics program, which analyzes administrative business registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Wisconsin's small business ecosystem and its capacity for future employment growth, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a lag of several weeks, and may be subject to revisions as new information becomes available.
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Citation
U.S. Census Bureau, Business Applications with Planned Wages for Wisconsin (WBUSAPPWNSAWIYY), retrieved from FRED.