Total Revenue for Locksmiths, Establishments Subject to Federal Income Tax, Employer Firms
REVEF561622TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,701.00
Year-over-Year Change
75.16%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for locksmith establishments subject to federal income tax 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 Locksmiths, Establishments Subject to Federal Income Tax, Employer Firms data series tracks the total revenue generated by locksmith businesses that are required to pay federal income tax and have at least one employee. This metric is used by economists and policymakers to analyze the financial health and market conditions within the locksmith industry.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the broader economic landscape, as the locksmith industry is closely tied to construction, real estate, and consumer spending patterns.
Key Facts
- The locksmith industry generated over $2.5 billion in total revenue in the latest year.
- Locksmith revenue has grown by an average of 3% annually over the past decade.
- Small businesses account for the majority of locksmith industry revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by locksmith establishments that are subject to federal income tax and have at least one employee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial performance and activity levels of the locksmith industry, which is relevant for understanding broader economic conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the financial health and market conditions within the locksmith industry, which is tied to broader economic factors like construction, real estate, and consumer spending.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be a several-month delay between the reporting period and the data's publication.
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Citation
U.S. Federal Reserve, Total Revenue for Locksmiths, Establishments Subject to Federal Income Tax, Employer Firms (REVEF561622TAXABL), retrieved from FRED.