Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Spain
Quarterly, Not Seasonally Adjusted
LRAC24FEESQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.20
Year-over-Year Change
1.39%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures quarterly legal industry fees and expenses, providing insight into the financial activity of the legal 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 Quarterly, Not Seasonally Adjusted trend represents the total fees and expenses incurred by legal services firms in the United States on a quarterly basis. This metric is used by economists and industry analysts to gauge the financial health and output of the legal industry.
Methodology
The data is collected through surveys of legal services firms by the U.S. Federal Reserve.
Historical Context
This trend is relevant for understanding the overall business conditions and economic contribution of the legal services industry.
Key Facts
- Legal fees and expenses totaled $114.5 billion in Q4 2022.
- The legal industry accounts for over 1.2 million jobs in the U.S.
- Quarterly legal fees have grown by 18% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total fees and expenses incurred by legal services firms in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and output of the legal industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of legal services firms by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the overall business conditions and economic contribution of the legal services industry.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRAC24FEESQ156N), retrieved from FRED.