Expenses for Locksmiths, Establishments Subject To Federal Income Tax, Employer Firms
This dataset tracks expenses for locksmiths, establishments subject to federal income tax, employer firms over time.
Latest Value
1646.00
Year-over-Year Change
40.20%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures expenses for locksmiths at establishments subject to federal income tax and employing workers. It provides insights into the financial health and activity of locksmith businesses.
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, Establishments Subject To Federal Income Tax, Employer Firms metric tracks the operating costs of locksmith companies that employ workers and are required to pay federal income taxes. This data offers a window into the economic conditions facing the locksmith industry.
Methodology
This data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
The locksmith industry is closely tied to housing and construction trends, so this metric is used to gauge activity in those markets.
Key Facts
- Locksmith industry generates over $2 billion in annual revenue.
- Majority of locksmith businesses are small, independent operators.
- Expenses tracked include labor, materials, rent, and other operational costs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the operating expenses of locksmith businesses that employ workers and are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: The locksmith industry is closely tied to housing and construction, so this data provides insights into the financial health and activity of those sectors.
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: Economists and policymakers use this metric to gauge the conditions facing small businesses in the locksmith industry and the broader construction/housing market.
Q: Are there update delays or limitations?
A: The data is released on an annual basis, so there may be a delay in reflecting the latest economic conditions.
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Citation
U.S. Federal Reserve, Expenses for Locksmiths, Establishments Subject To Federal Income Tax, Employer Firms (LEESTFITEF3561622), retrieved from FRED.