Expenses for Barber Shops, All Establishments, Employer Firms
BSEAEEF31812111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,483.00
Year-over-Year Change
225.93%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses for barber shops, including all employer firms in the United States. It provides insights into the financial health and spending patterns of this important service industry.
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 Barber Shops, All Establishments, Employer Firms metric tracks the operating costs and outlays for barber shops across the country. This data is used by economists and policymakers to assess the broader service sector and consumer spending trends.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Historical Context
Barber shop expenses are a key indicator of consumer demand and small business activity in local communities.
Key Facts
- Barber shops are a $30 billion industry in the U.S.
- Expenses peaked in 2019 before declining during the COVID-19 pandemic.
- California has the highest number of barber shops of any U.S. state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses for barber shops across the United States, including all employer firms in the industry.
Q: Why is this trend relevant for users or analysts?
A: Barber shop expenses provide insights into consumer spending patterns and the overall health of the service sector, which is crucial for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Barber shop expenses are used by economists and policymakers to assess consumer demand, small business activity, and broader trends in the service industry.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Expenses for Barber Shops, All Establishments, Employer Firms (BSEAEEF31812111), retrieved from FRED.