Temporary Staff and Leased Employee Expense for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, All Establishments, Employer Firms
EXPTSLEF5412ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,529.00
Year-over-Year Change
-5.91%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the temporary staff and leased employee expenses for accounting, tax preparation, bookkeeping, and payroll service firms. It provides insights into the labor costs and hiring patterns in this important professional services 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 Temporary Staff and Leased Employee Expense metric tracks the personnel costs incurred by accounting, tax, bookkeeping, and payroll service establishments for temporary and leased workers. This data point offers visibility into the reliance on flexible labor in this industry.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Economists and policymakers use this metric to assess labor market conditions and hiring trends in the professional services industry.
Key Facts
- Accounting and tax preparation firms employ a significant number of temporary and leased workers.
- Fluctuations in this expense can signal changes in demand for professional services.
- Temporary staff costs are an important component of overall labor costs for this industry.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the temporary staff and leased employee expenses for accounting, tax preparation, bookkeeping, and payroll service establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor costs and hiring patterns in the professional services industry, which is an important indicator of economic conditions and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess labor market conditions and hiring trends in the professional services sector, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the survey-based nature of the data collection process.
Related Trends
Total Revenue for Agents and Managers for Artists, Athletes, Entertainers and Other Public Figures, Establishments Subject to Federal Income Tax
REV71141TAXABL144QNSA
Current Physical Plant Capital Expenditures; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
CPBNINC156MNFRBPHI
Expenses for Other Ambulatory Health Care Services, All Establishments, Employer Firms
OAHCSEAEEF36219
Depreciation and Amortization Charges for Cable and Other Subscription Programming, All Establishments, Employer Firms
EXPDACEF5152ALLEST
Total Revenue for Other Amusement and Recreation Industries, All Establishments
REV7139ALLEST144QNSA
Sources of Revenue: Media Buying for Advertising Agencies, All Establishments, Employer Firms
REVMBGEF54181ALLEST
Citation
U.S. Federal Reserve, Temporary Staff and Leased Employee Expense for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, All Establishments, Employer Firms (EXPTSLEF5412ALLEST), retrieved from FRED.