Expenses for Taxi Service, All Establishments, Employer Firms
TSEAEEF348531 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,811.00
Year-over-Year Change
382.00%
Date Range
1/1/2009 - 1/1/2020
Summary
This economic trend measures the expenses for taxi services across all U.S. establishments and employer firms. It provides insights into the costs and demand for this transportation 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 Expenses for Taxi Service metric tracks the total operating costs for taxi companies and services. This data is used by economists and policymakers to monitor the financial health and activity levels within the transportation industry.
Methodology
The data is collected through surveys of businesses in the taxi and limousine service sector.
Historical Context
Trends in taxi service expenses can indicate changes in consumer behavior, transportation costs, and the broader economic environment.
Key Facts
- Taxi service expenses are a key economic indicator.
- Expenses rose steadily from 2010 to 2019.
- The COVID-19 pandemic sharply reduced taxi service costs in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses for taxi and limousine services across all U.S. establishments and employer firms.
Q: Why is this trend relevant for users or analysts?
A: Taxi service expenses provide insight into consumer transportation demand, industry costs, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the taxi and limousine service sector.
Q: How is this trend used in economic policy?
A: Taxi service expense data is used by economists and policymakers to monitor the transportation industry and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may not fully capture all taxi service activity.
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Citation
U.S. Federal Reserve, Expenses for Taxi Service, All Establishments, Employer Firms (TSEAEEF348531), retrieved from FRED.