Total Revenue for Administrative and Support and Waste Management and Remediation Services, Establishments Subject to Federal Income Tax
REV56TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
332,025.00
Year-over-Year Change
3.61%
Date Range
7/1/2006 - 1/1/2025
Summary
This economic indicator measures the total revenue for administrative, support, waste management, and remediation service establishments in the United States that are subject to federal income tax. It provides insights into the overall financial health and activity of these critical service sectors.
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 and Waste Management and Remediation Services, Establishments Subject to Federal Income Tax series tracks the quarterly revenue generated by a wide range of service-oriented businesses, including office administrative services, facilities support services, employment services, and waste collection and treatment. This metric is closely monitored by economists and policymakers to gauge the broader trends in the U.S. service economy.
Methodology
The data is collected through quarterly surveys of businesses conducted by the U.S. Census Bureau.
Historical Context
This revenue metric is used by analysts to assess the state of the service industry and its contribution to overall economic growth.
Key Facts
- This indicator covers over 2 million service establishments in the U.S.
- Revenue in this sector totaled over $1.8 trillion in 2021.
- The sector accounts for approximately 10% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total quarterly revenue generated by U.S. service establishments in administrative, support, waste management, and remediation services that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall financial health and activity of a critical service sector, which is closely monitored by economists and policymakers to gauge broader trends in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This revenue metric is used by analysts, economists, and policymakers to assess the state of the service industry and its contribution to overall economic growth in the United States.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Administrative and Support and Waste Management and Remediation Services, Establishments Subject to Federal Income Tax (REV56TAXABL144QNSA), retrieved from FRED.