Expenses for Environmental Consulting Services, All Establishments, Employer Firms
ECSEAEEF354162 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,470.00
Year-over-Year Change
62.06%
Date Range
1/1/2003 - 1/1/2022
Summary
This trend measures expenses for environmental consulting services at all U.S. employer firms. It provides insights into demand for environmental expertise in the private sector.
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 Environmental Consulting Services metric tracks the total dollar value of payments made by U.S. businesses to environmental consulting firms. This data helps analyze the scale and growth of the environmental services industry.
Methodology
The data is collected through surveys of U.S. employer firms by the Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess private-sector investment in environmental management and compliance.
Key Facts
- Expenses peaked at $20.2 billion in 2018.
- The consulting industry employs over 90,000 people.
- Environmental services comprise 25% of the consulting sector.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of payments made by U.S. businesses to environmental consulting firms for services like compliance, remediation, and sustainability.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into private-sector investment in environmental management and demand for specialized expertise, which is important for analyzing the consulting industry and environmental policy impacts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer firms conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess business spending on environmental compliance and sustainability initiatives, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in reporting this data, and the survey may not capture all environmental consulting activity.
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Citation
U.S. Federal Reserve, Expenses for Environmental Consulting Services, All Establishments, Employer Firms (ECSEAEEF354162), retrieved from FRED.