Expenses for Janitorial Services, Establishments Subject To Federal Income Tax, Employer Firms
JSEESTFITEF356172 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,168.00
Year-over-Year Change
77.16%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures expenses for janitorial services at employer firms subject to federal income tax. It provides insight into the cost and demand for commercial cleaning services, an important indicator of business activity and operating costs.
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 Janitorial Services trend tracks the total expenditures made by employer firms on contracted cleaning and maintenance services. This metric offers a window into the operations and overhead costs of businesses, particularly in service sectors that rely heavily on third-party facilities management.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of the commercial real estate and service sectors.
Key Facts
- Janitorial services account for a significant portion of operating costs for many firms.
- Demand for commercial cleaning tends to track broader economic conditions and business activity.
- The trend helps illuminate employment and labor cost dynamics in the service sector.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total expenditures made by employer firms on contracted janitorial and cleaning services.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into business operating costs and demand for commercial cleaning services, which are important indicators of overall economic health and activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the performance and outlook of the commercial real estate and service sectors.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Expenses for Janitorial Services, Establishments Subject To Federal Income Tax, Employer Firms (JSEESTFITEF356172), retrieved from FRED.