Total Revenue for Employment Services, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for employment services, establishments subject to federal income tax over time.
Latest Value
108843.00
Year-over-Year Change
-22.20%
Date Range
10/1/2003 - 1/1/2025
Summary
The 'Total Revenue for Employment Services, Establishments Subject to Federal Income Tax' trend measures the total revenue generated by employment services firms that are subject to federal income tax. It provides insight into the overall economic activity and demand for employment services in the United States.
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 trend represents the total revenue collected by establishments primarily engaged in providing staffing, recruiting, and employee placement services. It is an important indicator of the health and growth of the employment services industry, which plays a crucial role in facilitating labor market dynamics and matching workers with job opportunities.
Methodology
The data is collected through quarterly surveys of employment services firms by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to gauge the strength of the labor market and the broader economy, as it reflects the demand for employment-related services.
Key Facts
- The employment services industry generates over $150 billion in annual revenue.
- The trend has exhibited steady growth over the past decade, indicating a robust labor market.
- Employment services firms play a vital role in connecting job seekers with employers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by employment services firms that are subject to federal income tax, providing insight into the overall economic activity and demand for employment services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts as it reflects the strength of the labor market and the broader economy, as it indicates the demand for employment-related services.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of employment services firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of the labor market and the broader economy, as it reflects the demand for employment-related services.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of a few months from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Employment Services, Establishments Subject to Federal Income Tax (REV5613TAXABL144QNSA), retrieved from FRED.