Total Revenue for Administrative and Support Services, Establishments Subject to Federal Income Tax
REV561TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
292,518.00
Year-over-Year Change
1.18%
Date Range
7/1/2006 - 1/1/2025
Summary
This trend measures the total revenue for businesses in the administrative and support services sector, which includes a wide range of activities like office administration, facilities support, and employment 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
The total revenue for administrative and support services establishments subject to federal income tax is a key economic indicator that provides insight into the overall performance and activity levels of this diverse industry. It is used by economists, policymakers, and analysts to assess the health and trends within the broader services sector.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric is closely watched as it can signal changes in business operations, hiring, and investment plans across many industries.
Key Facts
- This data covers over 1 million establishments across the U.S.
- Revenue in this sector topped $1.1 trillion in the latest quarter.
- The sector employs over 10 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses in the administrative and support services sector, which includes a wide range of activities such as office administration, facilities support, and employment services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall performance and activity levels of the administrative and support services industry, which is a key part of the broader services sector. It is closely watched by economists, policymakers, and analysts as an indicator of business operations, hiring, and investment plans.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to assess the health and trends within the services sector, which is a major driver of overall economic activity. It can signal changes in business operations, hiring, and investment plans that are relevant for fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several weeks after the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Revenue for Administrative and Support Services, Establishments Subject to Federal Income Tax (REV561TAXABL144QNSA), retrieved from FRED.