Total Revenue for Services for the Elderly and Persons with Disabilities, All Establishments, Employer Firms
REVEF62412ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,462.00
Year-over-Year Change
112.97%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for services catering to the elderly and people with disabilities across all U.S. employer establishments. It provides insight into the size and growth of this vital service sector.
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 Services for the Elderly and Persons with Disabilities, All Establishments, Employer Firms metric tracks revenue generated by companies that provide care, assistance, and services to the aging population and individuals with disabilities. This data offers economic analysts a window into the evolving market dynamics of the senior care industry.
Methodology
The data is collected through surveys of U.S. employer firms across various industries.
Historical Context
This trend is closely monitored by policymakers and market researchers to gauge the economic health and growth prospects of the eldercare services sector.
Key Facts
- This metric covers revenue from both residential and non-residential care facilities.
- The senior services industry has seen steady growth as the U.S. population ages.
- Reliable data on this sector informs policy decisions and business investment strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. employer establishments that provide services and care for the elderly and individuals with disabilities.
Q: Why is this trend relevant for users or analysts?
A: This data offers important insights into the size and growth of the vital senior services and disability care industry, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer firms across various industries.
Q: How is this trend used in economic policy?
A: Policymakers and market researchers closely monitor this trend to gauge the economic health and growth prospects of the eldercare services sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all revenue sources or establishment types.
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Citation
U.S. Federal Reserve, Total Revenue for Services for the Elderly and Persons with Disabilities, All Establishments, Employer Firms (REVEF62412ALLEST), retrieved from FRED.