Revenue from Governments for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax
This dataset tracks revenue from governments for other professional, scientific, and technical services, establishments subject to federal income tax over time.
Latest Value
1819.00
Year-over-Year Change
142.21%
Date Range
7/1/2012 - 1/1/2017
Summary
This trend measures revenue from governments for other professional, scientific, and technical services provided by establishments subject to federal income tax. It is an important indicator of economic activity and government spending in this 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 Revenue from Governments for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax trend tracks income received by private firms for providing specialized services to government agencies. This data point helps economists and policymakers assess the scale and growth of government-funded professional services.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This metric informs analysis of government contracting and public-private partnerships in the professional services industry.
Key Facts
- Measured quarterly since 1998.
- Covers diverse services like legal, accounting, engineering, and R&D.
- Reflects government demand for private-sector expertise.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue received by private establishments for providing professional, scientific, and technical services to government agencies and entities.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding the scope of government contracting and public-private collaboration in the professional services sector, which has implications for economic growth and policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator informs analysis of government spending patterns and the role of the private sector in providing specialized services to public institutions and agencies.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately 3 months.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
US homeowners refinance as mortgage rates fall
How Lower Mortgage Rates Are Encouraging Mortgage Refinancing With mortgage refinancing becoming increasingly attractive, US homeowners are seizing the opportunity to lower their interest rates and save money. Mortgage refinancing, the process of replacing an existing loan with a new one, is gaining traction as a smart financial move. This interest is fueled by the recent fall in mortgage rates, a significant factor reshaping the US housing market. Lower mortgage rates, alongside other economic
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Revenue from Governments for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax (GOV5419TAXABL144QNSA), retrieved from FRED.