Expenses for Locksmiths, All Establishments, Employer Firms
LEAEEF3561622 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,646.00
Year-over-Year Change
40.20%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the expenses for locksmiths across all U.S. employer establishments. It provides insight into the demand for locksmith services and can indicate changes in commercial and residential activity.
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 Locksmiths, All Establishments, Employer Firms series tracks the total expenses incurred by locksmith businesses throughout the United States. This data point is used by economists to analyze trends in commercial and residential construction, security needs, and overall economic activity.
Methodology
The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Historical Context
Locksmith expenses are considered a leading indicator of broader economic conditions and can inform policy decisions related to construction, real estate, and business investment.
Key Facts
- Locksmith expenses account for over $5 billion annually in the U.S.
- Locksmith services are utilized by both commercial and residential properties.
- Locksmith expenses can indicate changes in construction, security, and overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by locksmith businesses across all U.S. employer establishments.
Q: Why is this trend relevant for users or analysts?
A: Locksmith expenses can provide insights into broader economic conditions, such as trends in commercial and residential construction, security needs, and overall business activity.
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: Locksmith expenses are considered a leading indicator of economic activity and can inform policy decisions related to construction, real estate, and business investment.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Expenses for Locksmiths, All Establishments, Employer Firms (LEAEEF3561622), retrieved from FRED.