Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Total Current Liabilities
QFRTCLPTSUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
437,323.00
Year-over-Year Change
3.36%
Date Range
10/1/2009 - 1/1/2025
Summary
This trend tracks the total current liabilities for professional and technical services corporations in the United States, excluding legal services. It provides critical insight into the short-term financial obligations and financial health of a significant sector of the professional services industry.
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 metric represents the aggregate short-term debt and financial commitments of professional and technical service companies, reflecting their operational liquidity and financial structure. Economists use this indicator to assess sector-specific financial stress, investment capacity, and potential economic resilience.
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 institutions.
Historical Context
This trend is utilized by policymakers, investors, and economic analysts to understand sectoral financial dynamics, potential credit risks, and broader economic performance indicators.
Key Facts
- Represents current liabilities for professional and technical service corporations
- Excludes legal services sector specifically
- Provides quarterly snapshot of financial obligations
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 exclude legal services?
A: Legal services have unique financial characteristics, so they are analyzed separately to provide more precise sector-specific insights.
Q: How often is this data updated?
A: The data is typically updated quarterly, providing a consistent and timely view of the sector's financial landscape.
Q: What can high current liabilities indicate?
A: High current liabilities might suggest significant short-term financial pressure or ongoing investment and expansion activities.
Q: Who uses this economic indicator?
A: Investors, financial analysts, policymakers, and researchers use this indicator to assess sector financial health and broader economic trends.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: Total Current Liabilities [QFRTCLPTSUSNO], retrieved from FRED.
Last Checked: 8/1/2025