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Title:               High-Propensity Business Applications for Michigan (DISCONTINUED)
Series ID:           HPBUSAPPNSAMI
Source:              U.S. Census Bureau
Release:             Business Formation Statistics
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Quarterly
Units:               Number
Date Range:          2004-07-01 to 2020-10-01
Last Updated:        2021-01-14 11:03 AM CST
Notes:               The Business Formation Statistics are now released on a monthly basis,
                     and the quarterly series will no longer be updated. See
                     BAHBATOTALNSAMI (https://fred.stlouisfed.org/series/BAHBATOTALNSAMI)
                     for an alternative.
                     
                     Business Applications (BA) that have a high propensity of turning into
                     businesses with payroll. The identification of high-propensity
                     applications is based on the characteristics of applications revealed
                     on the IRS Form SS-4 that are associated with a high rate of business
                     formation. High-propensity applications include applications: (a) for
                     a corporate entity, (b) that indicate they are hiring employees,
                     purchasing a business or changing organizational type, (c) that
                     provide a first wages-paid date (planned wages); or (d) that have a
                     NAICS industry code in manufacturing (31-33), retail stores (44),
                     health care (62), or restaurants/food service (72).

DATE        VALUE
2004-07-01   9437
2004-10-01   9453
2005-01-01  11207
2005-04-01  11383
2005-07-01   9619
2005-10-01   9793
2006-01-01  11660
2006-04-01  11543
2006-07-01   9928
2006-10-01  10362
2007-01-01  12135
2007-04-01  11668
2007-07-01  10257
2007-10-01   8938
2008-01-01   9919
2008-04-01   9779
2008-07-01   8406
2008-10-01   8424
2009-01-01   9433
2009-04-01   8633
2009-07-01   7870
2009-10-01   7377
2010-01-01   9385
2010-04-01   8532
2010-07-01   7594
2010-10-01   7548
2011-01-01   9424
2011-04-01   8649
2011-07-01   7371
2011-10-01   7357
2012-01-01   8803
2012-04-01   8269
2012-07-01   6927
2012-10-01   7462
2013-01-01   8692
2013-04-01   7947
2013-07-01   7054
2013-10-01   6755
2014-01-01   8228
2014-04-01   7997
2014-07-01   6941
2014-10-01   7105
2015-01-01   8841
2015-04-01   7807
2015-07-01   6800
2015-10-01   6365
2016-01-01   9022
2016-04-01   7861
2016-07-01   7357
2016-10-01   6411
2017-01-01   9069
2017-04-01   8186
2017-07-01   7146
2017-10-01   6656
2018-01-01   9795
2018-04-01   8627
2018-07-01   7470
2018-10-01   6900
2019-01-01   9023
2019-04-01   8542
2019-07-01   7191
2019-10-01   6903
2020-01-01   8517
2020-04-01   7465
2020-07-01  15658
2020-10-01   8892