Total Revenue for Other Personal Services, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for other personal services, establishments subject to federal income tax over time.
Latest Value
6169.00
Year-over-Year Change
27.85%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic indicator tracks total revenue for the 'Other Personal Services' industry, which includes establishments subject to federal income tax. It provides insight into the financial health and economic activity of this 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 'Other Personal Services' industry includes a diverse range of establishments like personal care services, death care services, and other personal services not classified elsewhere. This revenue metric serves as a barometer for the overall state of this service industry and its contribution to the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of business establishments.
Historical Context
This trend is closely monitored by economists and policymakers to assess consumer spending patterns and the vitality of the service economy.
Key Facts
- This indicator covers a diverse range of personal service establishments.
- Revenue data is collected quarterly by the U.S. Census Bureau.
- The trend provides insight into consumer spending and service sector health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by establishments in the 'Other Personal Services' industry, which includes a wide range of personal care, death care, and other miscellaneous service providers.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric serves as an important barometer for the overall health and activity of the service sector, providing insights into consumer spending patterns and the broader economic climate.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the strength of consumer demand and the vitality of the service economy, which is a critical component of the overall U.S. economic landscape.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a brief delay in the most recent figures being available. Additionally, the 'Other Personal Services' industry includes a diverse range of establishments, so the trend may not capture the nuances of specific sub-sectors within this broader category.
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Citation
U.S. Federal Reserve, Total Revenue for Other Personal Services, Establishments Subject to Federal Income Tax (REV8129TAXABL144QNSA), retrieved from FRED.