Total Revenue for Child Day Care Services, Establishments Subject to Federal Income Tax
REV6244TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,170.00
Year-over-Year Change
34.56%
Date Range
1/1/2009 - 10/1/2023
Summary
This economic indicator measures the total revenue generated by establishments subject to federal income tax that provide child day care services. It offers insights into the financial health and demand for this industry.
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 Child Day Care Services, Establishments Subject to Federal Income Tax tracks the aggregate sales, receipts, and other operating income of businesses providing licensed or certified child care. This metric serves as a key barometer of activity and economic conditions in the child care services sector.
Methodology
The data is collected through quarterly surveys by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts use this indicator to monitor trends in the child care market and inform decisions related to industry regulation, workforce support, and parental affordability.
Key Facts
- Quarterly data available from 1998 to present.
- Child day care services employ over 1 million workers in the U.S.
- Revenue in this sector totaled over $52 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by establishments that provide licensed or certified child day care services and are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an important barometer of activity and economic conditions in the child care services industry, which is a key component of the broader service sector and household economy.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this indicator to monitor trends in the child care market and inform decisions related to industry regulation, workforce support, and parental affordability.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of approximately two months.
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Citation
U.S. Federal Reserve, Total Revenue for Child Day Care Services, Establishments Subject to Federal Income Tax (REV6244TAXABL144QNSA), retrieved from FRED.