Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Income (Loss) Before Income Taxes
QFR111PTSUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,898.00
Year-over-Year Change
-171.57%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks quarterly pre-tax income for professional and technical services corporations in the United States, excluding legal services. It provides critical insights into the financial performance and economic health of a significant knowledge-based 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 trend represents aggregate income before taxes for professional and technical service firms, reflecting their operational efficiency and market conditions. Economists use this metric to assess sector-specific economic performance, investment potential, and broader service industry trends.
Methodology
Data is collected through comprehensive quarterly financial surveys of corporate entities in the professional and technical services sector, compiled and standardized by federal economic research agencies.
Historical Context
This indicator is used by policymakers, investors, and economic analysts to understand service sector dynamics, predict economic shifts, and inform strategic decision-making.
Key Facts
- Covers professional and technical services corporations excluding legal services
- Provides quarterly pre-tax income measurements
- Serves as a key indicator of service sector economic health
FAQs
Q: What does this economic indicator measure?
A: It measures quarterly pre-tax income for professional and technical service corporations in the United States, excluding legal services.
Q: Why is this trend important?
A: It offers insights into the financial performance of a critical knowledge-based economic sector and helps predict broader economic trends.
Q: How frequently is this data updated?
A: The data is updated quarterly, providing a current snapshot of the professional services sector's financial performance.
Q: Who uses this economic indicator?
A: Economists, investors, policymakers, and business strategists use this data to assess economic conditions and make informed decisions.
Q: What are the limitations of this indicator?
A: The data excludes legal services and represents aggregate corporate performance, which may not reflect individual company experiences.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Income (Loss) Before Income Taxes [QFR111PTSUSNO], retrieved from FRED.
Last Checked: 8/1/2025