Total Revenue for Janitorial Services, Establishments Subject to Federal Income Tax, Employer Firms
REVEF56172TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,795.00
Year-over-Year Change
110.64%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for janitorial services establishments subject to federal income tax. It provides insight into the overall health and activity 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, Establishments Subject to Federal Income Tax, Employer Firms series tracks the total revenue generated by janitorial services businesses that file federal income taxes. This metric is a key indicator of economic activity and demand for commercial cleaning services.
Methodology
The data is collected through surveys of U.S. businesses.
Historical Context
Economists and policymakers use this trend to monitor the commercial services sector and understand broader economic conditions.
Key Facts
- The series dates back to 1998.
- Revenues peaked in 2019 before declining during the COVID-19 pandemic.
- The commercial cleaning industry employs over 2 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. janitorial services establishments that are subject to federal income tax and have employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and activity of the commercial cleaning industry, which is an important part of the broader services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by government statistical agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the commercial services sector and understand broader economic conditions and demand.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the information is collected through business surveys.
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Citation
U.S. Federal Reserve, Total Revenue for Janitorial Services, Establishments Subject to Federal Income Tax, Employer Firms (REVEF56172TAXABL), retrieved from FRED.