Total Revenue for Social Assistance, All Establishments
REV624ALLEST157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.80
Year-over-Year Change
-136.94%
Date Range
4/1/2009 - 1/1/2025
Summary
The 'Total Revenue for Social Assistance, All Establishments' series measures the total revenue generated by social assistance providers in the United States. This metric is important for analyzing the size and economic impact of the social 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
This economic indicator tracks the total revenue across all establishments in the social assistance sector, which includes organizations providing services such as individual and family services, community food and housing, and vocational rehabilitation. It provides insights into the scale and financial health of this critical part of the US economy.
Methodology
The data is collected and published quarterly by the US Census Bureau through the Quarterly Services Survey.
Historical Context
Policymakers and industry analysts use this metric to monitor trends in the social services industry and assess its role in the broader economy.
Key Facts
- Social assistance revenue totaled $283 billion in 2021.
- The social assistance sector accounts for 1.5% of total US economic output.
- Revenue growth in the sector averaged 4.2% annually from 2015-2021.
FAQs
Q: What does this economic trend measure?
A: The 'Total Revenue for Social Assistance, All Establishments' series tracks the total revenue generated by social assistance providers in the United States, including organizations that provide individual and family services, community food and housing, and vocational rehabilitation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and financial health of the critical social services industry, which is an important part of the broader US economy.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the US Census Bureau through the Quarterly Services Survey.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor trends in the social services industry and assess its role and impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Social Assistance, All Establishments (REV624ALLEST157QNSA), retrieved from FRED.