Expenses for All Other Business Support Services, All Establishments, Employer Firms
This dataset tracks expenses for all other business support services, all establishments, employer firms over time.
Latest Value
7263.00
Year-over-Year Change
14.05%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures expenses for a range of business support services across all establishments and employer firms in the United States. It provides insight into a key component of business operations and costs.
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 'Expenses for All Other Business Support Services, All Establishments, Employer Firms' trend tracks spending on a variety of back-office and administrative functions that support the core activities of businesses. This metric is useful for analyzing shifts in business investment and assessing economic conditions.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to gauge overall business activity and investment.
Key Facts
- Covers a wide range of back-office functions like accounting, HR, and IT support.
- Seen as a leading indicator of broader business conditions and investment.
- Provides insight into a key component of operating costs for U.S. firms.
FAQs
Q: What does this economic trend measure?
A: This trend measures expenses for a variety of business support services, such as accounting, human resources, and information technology, across all U.S. establishments and employer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into a key component of business operations and investment, making it a useful indicator of broader economic conditions and activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor this trend to gauge overall business activity and investment, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to economic indicators compiled by government statistical agencies.
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Citation
U.S. Federal Reserve, Expenses for All Other Business Support Services, All Establishments, Employer Firms (AOBSSEAEEF3561499), retrieved from FRED.