Total Expenses for Child Day Care Services, Establishments Subject to Federal Income Tax
EXP6244TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-129.17%
Date Range
4/1/2009 - 10/1/2023
Summary
This economic trend measures total expenses for child day care services provided by establishments subject to federal income tax. It is an important indicator of the financial health and costs associated with the child care 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 Total Expenses for Child Day Care Services, Establishments Subject to Federal Income Tax metric tracks the overall operating costs for licensed, for-profit child care providers. This data provides insight into the economic environment and cost pressures facing the child care sector, which is a critical component of the U.S. labor market and economy.
Methodology
The data is collected through surveys of child care establishments that are subject to federal income tax.
Historical Context
This trend is closely monitored by policymakers and industry analysts to understand affordability and accessibility challenges in the child care market.
Key Facts
- This metric excludes non-profit and government-run child care providers.
- Total expenses include labor, facility, and other operating costs for for-profit centers.
- Rising expenses in this sector can contribute to higher child care prices for families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by for-profit child care service providers that are subject to federal income tax. It captures the overall operating costs of the commercial child care industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the financial pressures and cost structure of the for-profit child care sector, which is a critical component of the U.S. labor force and economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of child care establishments that are subject to federal income tax.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to understand affordability and accessibility challenges in the child care market, which impact workforce participation and consumer spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and it only covers for-profit child care providers, excluding non-profit and government-run facilities.
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Citation
U.S. Federal Reserve, Total Expenses for Child Day Care Services, Establishments Subject to Federal Income Tax (EXP6244TAXABL157QNSA), retrieved from FRED.