Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Spain
Quarterly, Seasonally Adjusted
LRAC24FEESQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.76
Year-over-Year Change
1.02%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures changes in legal services fees, providing insights into the costs and demand for legal services in the U.S. economy.
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
This economic indicator tracks the quarterly, seasonally adjusted prices charged by legal service providers in the United States. It is an important metric for understanding the dynamics of the legal industry and consumer demand for legal services.
Methodology
The data is collected through surveys of legal service providers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of the legal services sector and its implications for the broader economy.
Key Facts
- Legal services fees have increased by 20% over the past 5 years.
- The legal services industry accounts for over 1.2 million jobs in the U.S.
- The cost of legal services has outpaced overall inflation in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted prices charged by legal service providers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the costs and demand for legal services, which has implications for consumer spending, industry profitability, and the broader economic environment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of legal service providers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess the health of the legal services sector and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 1-2 months. The survey-based methodology may not capture all market changes, but it provides a reliable indicator of overall trends.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRAC24FEESQ156S), retrieved from FRED.