Expenses for Carpet and Upholstery Cleaning Services, All Establishments, Employer Firms
CAUCSEAEEF356174 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,638.00
Year-over-Year Change
62.85%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the expenses for carpet and upholstery cleaning services across all U.S. employer establishments. It provides insights into consumer and business demand for these services.
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 Carpet and Upholstery Cleaning Services, All Establishments, Employer Firms data series tracks the total operating expenses incurred by businesses providing carpet and upholstery cleaning services. It is a key indicator of activity and demand in this service industry.
Methodology
The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Historical Context
Trends in this data can inform economists and policymakers about consumer and business spending patterns.
Key Facts
- Expenses for carpet and upholstery cleaning services totaled $5.2 billion in 2020.
- Cleaning services employment declined by 12% in 2020 due to the COVID-19 pandemic.
- This industry includes over 31,000 U.S. businesses as of 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses incurred by businesses providing carpet and upholstery cleaning services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in carpet and upholstery cleaning expenses provide insights into consumer and business demand for these services, which can inform economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess consumer and business spending patterns in the service industry.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the full impact of economic events in real-time.
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Citation
U.S. Federal Reserve, Expenses for Carpet and Upholstery Cleaning Services, All Establishments, Employer Firms (CAUCSEAEEF356174), retrieved from FRED.