Total Revenue for Temporary Help Services, All Establishments, Employer Firms
This dataset tracks total revenue for temporary help services, all establishments, employer firms over time.
Latest Value
277443.00
Year-over-Year Change
179.32%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by temporary help services establishments in the United States. It provides insight into the demand for flexible labor and the state of the broader employment market.
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 temporary help services is an important indicator of economic conditions and hiring trends. It reflects the volume of business activity and demand for temporary and contract workers across various industries.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This metric is closely watched by economists, policymakers, and labor market analysts to gauge the strength of the job market and broader economic activity.
Key Facts
- Temporary help services generated over $140 billion in revenue in the U.S. in 2021.
- Revenue in this sector has grown by over 50% since the early 2010s.
- Temporary staffing is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by temporary help services establishments in the United States, providing insight into the demand for flexible labor and the state of the broader employment market.
Q: Why is this trend relevant for users or analysts?
A: The total revenue for temporary help services is an important indicator of economic conditions and hiring trends, reflecting the volume of business activity and demand for temporary and contract workers across various industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and labor market analysts to gauge the strength of the job market and broader economic activity.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the temporary help services industry.
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Citation
U.S. Federal Reserve, Total Revenue for Temporary Help Services, All Establishments, Employer Firms (REVEF56132ALLEST), retrieved from FRED.