Total Revenue for Security Systems Services Excluding Locksmiths, All Establishments, Employer Firms
REVEF561621ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,295.00
Year-over-Year Change
104.55%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for security systems services, excluding locksmiths, across all U.S. employer firms. It provides insight into the size and performance of this important 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 Security Systems Services Excluding Locksmiths, All Establishments, Employer Firms series tracks the aggregate income generated by security systems installation, monitoring, and maintenance companies. This data is used by economists and industry analysts to assess market conditions and growth.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
This revenue trend is relevant for monitoring the health of the private security industry and its contribution to the broader economy.
Key Facts
- This industry includes firms that install, monitor, and maintain security systems.
- Security systems services represent a critical component of infrastructure and public safety.
- Total industry revenue exceeded $25 billion in the most recent year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. establishments providing security systems services, excluding locksmiths.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and performance of the private security industry, which is an important component of infrastructure and public safety.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: This revenue trend is monitored by economists and policymakers to assess the health of the private security industry and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series excludes certain types of security services like locksmiths.
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Citation
U.S. Federal Reserve, Total Revenue for Security Systems Services Excluding Locksmiths, All Establishments, Employer Firms (REVEF561621ALLEST), retrieved from FRED.