Total Revenue for Offices of Mental Health Practitioners, Excluding Physicians, All Establishments, Employer Firms
REVEF62133ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,102.00
Year-over-Year Change
219.84%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for Offices of Mental Health Practitioners, Excluding Physicians, All Establishments, Employer Firms' trend measures the total revenue generated by mental health practitioners, excluding physicians, across all employer firms in the United States. This metric is important for understanding the economic health and activity within the mental health services 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
This economic indicator tracks the total revenue earned by mental health practitioners, such as psychologists, counselors, and therapists, who are not medical doctors. It provides insight into the size and performance of this segment of the healthcare services sector.
Methodology
The data is collected through surveys of employer firms in the mental health services industry.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the economic conditions and market dynamics within the mental health services sector.
Key Facts
- The mental health services industry generates over $50 billion in annual revenue.
- Psychologists and counselors account for the majority of this revenue.
- Revenue growth in the sector has outpaced the overall economy in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by mental health practitioners, excluding physicians, across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic health and activity within the mental health services industry, which is an important sector of the healthcare services market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the mental health services industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the economic conditions and market dynamics within the mental health services sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in the mental health services industry.
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Citation
U.S. Federal Reserve, Total Revenue for Offices of Mental Health Practitioners, Excluding Physicians, All Establishments, Employer Firms (REVEF62133ALLEST), retrieved from FRED.