Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: All Other Current Liabilities
QFRD315549USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,268.00
Year-over-Year Change
-9.98%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks current liabilities for professional and technical services corporations in the United States, excluding legal services. It provides insights into the short-term financial obligations and potential financial health of this specific 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 the aggregated current liabilities of professional and technical service firms, reflecting their short-term financial commitments and potential economic pressures. Economists use this data to assess sector-specific financial dynamics and potential economic stress points.
Methodology
Data is collected through quarterly financial reporting and aggregated by the U.S. Federal Reserve using standardized accounting methodologies.
Historical Context
This metric is used by policymakers and financial analysts to understand sectoral financial trends, potential economic risks, and investment climate in professional services.
Key Facts
- Tracks current liabilities for non-legal professional and technical service corporations
- Provides quarterly snapshot of sector's financial obligations
- Helps assess potential economic stress in professional services sector
FAQs
Q: What does 'current liabilities' mean?
A: Current liabilities are short-term financial obligations due within one year, including accounts payable, short-term debt, and accrued expenses.
Q: Why are professional services liabilities important?
A: They indicate the financial health and potential economic pressures on a significant sector of the U.S. economy, providing insights into business conditions.
Q: How often is this data updated?
A: The data is typically updated quarterly by the U.S. Federal Reserve as part of its comprehensive economic reporting.
Q: What sectors are included in this report?
A: The report covers professional and technical services corporations, excluding legal services, such as consulting, scientific, and technical firms.
Q: How can businesses use this information?
A: Companies can benchmark their financial performance against sector trends and assess broader economic conditions affecting professional services.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: All Other Current Liabilities [QFRD315549USNO], retrieved from FRED.
Last Checked: 8/1/2025