Total Revenue for Nursing and Residential Care Facilities, Establishments Subject to Federal Income Tax, Employer Firms
REVEF623TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,233.00
Year-over-Year Change
62.34%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by nursing and residential care facilities that are subject to federal income tax and operate as employer firms in the United States.
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 nursing and residential care facilities is an important indicator of the financial health and activity within this sector. It provides insights into consumer demand, industry trends, and the overall economic conditions impacting healthcare services.
Methodology
The data is collected by the U.S. Census Bureau through surveys of employer firms.
Historical Context
Policymakers and economists use this metric to assess the performance and market dynamics of the long-term care industry.
Key Facts
- The data is reported on a quarterly basis.
- Nursing and residential care facilities are a major component of the healthcare sector.
- Total revenue is a key metric for evaluating the financial strength and growth of this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by nursing and residential care facilities that are subject to federal income tax and operate as employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: Total revenue for this industry provides important insights into consumer demand, industry performance, and the overall economic conditions impacting the healthcare services sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of employer firms in the nursing and residential care facilities industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the financial health and market dynamics of the long-term care industry, which is crucial for informing healthcare policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Total Revenue for Nursing and Residential Care Facilities, Establishments Subject to Federal Income Tax, Employer Firms (REVEF623TAXABL), retrieved from FRED.