Total Revenue for Locksmiths, All Establishments, Employer Firms
REVEF561622ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,701.00
Year-over-Year Change
75.16%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for Locksmiths, All Establishments, Employer Firms' series measures the total revenue generated by locksmith businesses across the United States. This metric is an important indicator of economic activity and demand within the locksmith 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
This economic series tracks the total revenue for all locksmith establishments in the U.S. that have paid employees. It provides insight into the overall size and performance of the locksmith services sector, which is a component of the broader construction and repair services industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts monitor this trend to assess the health and outlook of the locksmith services market.
Key Facts
- The locksmith industry generates over $2 billion in annual revenue.
- Locksmith services are a key part of the broader construction and repair services sector.
- Small businesses account for the majority of locksmith establishments in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series measures the total revenue generated by locksmith businesses across the United States that have paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and performance of the locksmith services industry, which is an important component of the broader construction and repair services sector.
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: Policymakers and industry analysts monitor this trend to assess the health and outlook of the locksmith services market.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Total Revenue for Locksmiths, All Establishments, Employer Firms (REVEF561622ALLEST), retrieved from FRED.