Total Revenue for Telephone Answering Services, All Establishments, Employer Firms
REVEF561421ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,555.00
Year-over-Year Change
17.90%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by telephone answering service establishments in the United States. It provides insights into the financial performance and activity levels of 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 Telephone Answering Services, All Establishments, Employer Firms is a key indicator used by economists and industry analysts to understand the overall financial health and market dynamics of the telephone answering services sector. It reflects the total sales and operating income of these establishments.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This trend is relevant for assessing the broader economic conditions and consumer demand trends impacting the telecommunications and business services industries.
Key Facts
- Telephone answering services generated over $2 billion in revenue in the U.S. in recent years.
- The industry has seen steady growth, reflecting increased demand for outsourced communication services.
- Telephone answering services employ over 100,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by telephone answering service establishments in the United States, providing insights into the financial performance and activity levels of this industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator used by economists and industry analysts to understand the overall financial health and market dynamics of the telephone answering services sector, reflecting the total sales and operating income of these establishments.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the broader economic conditions and consumer demand trends impacting the telecommunications and business services industries, which are important sectors for policymakers to monitor.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a comprehensive and reliable measure of the telephone answering services industry's financial performance.
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Citation
U.S. Federal Reserve, Total Revenue for Telephone Answering Services, All Establishments, Employer Firms (REVEF561421ALLEST), retrieved from FRED.