Total Revenue for Nursing and Residential Care Facilities, Establishments Subject to Federal Income Tax
REV623TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,955.00
Year-over-Year Change
29.16%
Date Range
10/1/2004 - 10/1/2022
Summary
The 'Total Revenue for Nursing and Residential Care Facilities, Establishments Subject to Federal Income Tax' trend measures revenue for privately-owned nursing homes and residential care facilities in the United States. This metric is closely watched by economists and policymakers as an indicator of the healthcare sector's economic performance.
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 series tracks total quarterly revenue for private-sector nursing homes, assisted living facilities, and other residential care providers that are subject to federal income tax. It provides insight into the financial health and demand for these essential healthcare services.
Methodology
The data is collected through the U.S. Census Bureau's Quarterly Services Survey.
Historical Context
Trends in nursing and residential care facility revenue can inform analyses of healthcare spending, labor markets, and the broader economy.
Key Facts
- Nursing and residential care is a $300+ billion industry in the U.S.
- The sector employs over 4 million people nationwide.
- Revenue trends are closely tied to demographics and government policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures total quarterly revenue for private-sector nursing homes, assisted living facilities, and other residential care providers that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: Trends in nursing and residential care facility revenue provide important insights into the healthcare sector's financial performance and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Quarterly Services Survey.
Q: How is this trend used in economic policy?
A: Revenue trends in this sector are closely watched by economists, policymakers, and investors to assess healthcare spending, labor markets, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Nursing and Residential Care Facilities, Establishments Subject to Federal Income Tax (REV623TAXABL144QNSA), retrieved from FRED.