Total Revenue for Personal and Laundry Services, Establishments Subject to Federal Income Tax
REV812TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,281.00
Year-over-Year Change
47.96%
Date Range
1/1/2009 - 7/1/2023
Summary
This economic trend measures the total revenue generated by personal and laundry service establishments subject to federal income tax. It provides insights into the overall performance and health of this key service 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 total revenue for personal and laundry services is an important economic indicator that tracks the financial activity and demand for these types of establishments. It is used by economists and policymakers to assess the broader service industry and consumer spending patterns.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of business establishments.
Historical Context
This trend is closely monitored by analysts and policymakers to gauge consumer behavior and the broader service-based economy.
Key Facts
- The data is reported on a quarterly basis.
- Personal and laundry services account for over $400 billion in annual revenue.
- This sector employs more than 2 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by personal and laundry service establishments that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall performance and health of the personal and laundry services sector, which is an important part of the broader service-based economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of business establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by analysts and policymakers to gauge consumer behavior and the broader service-based economy, which is crucial for informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Total Revenue for Personal and Laundry Services, Establishments Subject to Federal Income Tax (REV812TAXABL144QNSA), retrieved from FRED.