Total Revenue for Janitorial Services, All Establishments, Employer Firms
This dataset tracks total revenue for janitorial services, all establishments, employer firms over time.
Latest Value
72795.00
Year-over-Year Change
110.64%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for janitorial services across all U.S. employer establishments. It provides insight into the size and performance of the commercial cleaning 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 Janitorial Services, All Establishments, Employer Firms series tracks the total sales and receipts of businesses primarily engaged in providing janitorial services. This metric serves as a barometer for commercial and institutional cleaning activity.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to monitor the health of the commercial services sector.
Key Facts
- The janitorial services industry employs over 2 million workers in the U.S.
- Total revenue for the industry exceeded $60 billion in the latest year.
- Janitorial services are a leading component of the broader commercial services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses primarily engaged in providing janitorial and building cleaning services across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and performance of the commercial cleaning industry, which is an important component of the broader service sector economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health and activity levels of the commercial services sector, which can have implications for employment, consumer spending, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Total Revenue for Janitorial Services, All Establishments, Employer Firms (REVEF56172ALLEST), retrieved from FRED.