Total Revenue for Individual and Family Services, All Establishments
This dataset tracks total revenue for individual and family services, all establishments over time.
Latest Value
44843.00
Year-over-Year Change
28.67%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures the total revenue generated by individual and family services establishments in the United States. It provides important insights into the financial health and performance of this critical service 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 Total Revenue for Individual and Family Services, All Establishments trend tracks the aggregate sales and receipts of businesses engaged in providing a wide range of personal, social, and educational services to individuals and families. This metric is closely monitored by economists and policymakers to gauge the strength and dynamics of the social services industry.
Methodology
The data is collected through quarterly surveys of businesses in the individual and family services sector.
Historical Context
This trend is widely used to analyze consumer demand, industry growth, and the overall economic contribution of the social services sector.
Key Facts
- The individual and family services sector encompasses a wide range of activities, including childcare, eldercare, and community and vocational rehabilitation services.
- Total revenue for this sector reached over $325 billion in 2021, reflecting strong demand for personal and social assistance.
- The individual and family services industry is a major employer, accounting for over 3 million jobs in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses in the individual and family services sector, which includes establishments providing a variety of personal, social, and educational services to individuals and families.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial health and performance of the social services industry, which is a critical component of the U.S. economy. It is closely monitored by economists, policymakers, and industry analysts to gauge consumer demand and industry growth.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of businesses in the individual and family services sector conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the overall economic contribution of the social services sector, as well as to inform policy decisions related to funding, regulation, and support for these vital community-based services.
Q: Are there update delays or limitations?
A: The Total Revenue for Individual and Family Services, All Establishments data is published quarterly by the U.S. Federal Reserve, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Individual and Family Services, All Establishments (REV6241ALLEST144QNSA), retrieved from FRED.