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
-8.00
Year-over-Year Change
-1.23%
Date Range
4/1/2009 - 1/1/2017
Summary
This economic trend measures total revenue for other personal services establishments subject to federal income tax. It provides insights into the financial health and activity of this sector of the U.S. economy.
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 Other Personal Services, Establishments Subject to Federal Income Tax' series tracks the quarterly total operating revenue generated by U.S. establishments primarily engaged in providing a variety of personal services, such as hair care, funeral services, and other miscellaneous personal services.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This revenue trend is used by economists and policymakers to monitor the state of the personal services industry and its contribution to overall economic activity.
Key Facts
- This trend has been tracked by the U.S. Census Bureau since 1981.
- The personal services industry accounts for over 4% of total U.S. economic output.
- Revenue in this sector tends to be correlated with consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. establishments primarily engaged in providing a variety of personal services, such as hair care, funeral services, and other miscellaneous personal services.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend provides insights into the financial health and activity of the personal services industry, which is an important sector of the U.S. economy. It is used by economists and policymakers to monitor consumer spending patterns and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This revenue trend is used by economists and policymakers to monitor the state of the personal services industry and its contribution to overall economic activity. It can inform decisions related to consumer spending, industry regulation, and economic stimulus policies.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Census Bureau, with a typical delay of several months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Total Revenue for Other Personal Services, Establishments Subject to Federal Income Tax (REV8129TAXABL157QNSA), retrieved from FRED.