Total Revenue for Drycleaning and Laundry Services, Establishments Subject to Federal Income Tax
REV8123TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,089.00
Year-over-Year Change
25.64%
Date Range
1/1/2009 - 1/1/2025
Summary
This data series tracks total revenue for drycleaning and laundry services establishments that are subject to federal income tax. It provides insight into the overall economic health of this 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 Total Revenue for Drycleaning and Laundry Services, Establishments Subject to Federal Income Tax data series measures the total sales and receipts generated by for-profit drycleaning and laundry businesses in the United States. This metric is used by economists and policymakers to analyze trends in consumer demand and industry performance.
Methodology
The data is collected through surveys of establishments and compiled by the U.S. Census Bureau.
Historical Context
This revenue metric helps inform decision-making around economic policies and investments related to the drycleaning and laundry services sector.
Key Facts
- Drycleaning and laundry services are a $20 billion industry in the U.S.
- Revenue in this sector has grown by 3% annually over the past decade.
- The industry employs over 350,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total revenue generated by drycleaning and laundry services establishments that are subject to federal income tax in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and the overall health of the drycleaning and laundry services industry, which is an important part of the U.S. services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This revenue data helps inform decisions around economic policies and investments related to the drycleaning and laundry services sector.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Drycleaning and Laundry Services, Establishments Subject to Federal Income Tax (REV8123TAXABL144QNSA), retrieved from FRED.