Total Revenue for Other Residential Care Facilities, All Establishments, Employer Firms
This dataset tracks total revenue for other residential care facilities, all establishments, employer firms over time.
Latest Value
8805.00
Year-over-Year Change
10.77%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by other residential care facilities, including employer firms. It provides insight into the financial performance and demand for these critical healthcare services.
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
Other residential care facilities include assisted living, memory care, and group homes that provide housing and support services for individuals who require assistance with daily living. This revenue data offers valuable insights into the overall state of the residential care industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and growth of the residential care sector.
Key Facts
- Other residential care facilities account for over $200 billion in annual revenue.
- Revenue growth in this sector has outpaced overall economic growth in recent years.
- Demand for residential care services is driven by an aging population and increasing need for supportive living arrangements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by other residential care facilities, including assisted living, memory care, and group homes that provide housing and support services.
Q: Why is this trend relevant for users or analysts?
A: This revenue data offers valuable insights into the overall state of the residential care industry, which is a critical component of the healthcare system and an important driver of economic activity.
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, economists, and industry analysts use this trend to assess the health and growth of the residential care sector, which is important for informing healthcare and social service policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Other Residential Care Facilities, All Establishments, Employer Firms (REVEF6239ALLEST), retrieved from FRED.