Total Revenue for Barber Shops, All Establishments, Employer Firms
REVEF812111ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,819.00
Year-over-Year Change
258.07%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for Barber Shops, All Establishments, Employer Firms' trend measures the total sales revenue generated by barber shops across the United States. This metric is a key indicator of economic activity and consumer demand within the personal care services 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
This data series tracks the total revenue earned by all barber shops classified as employer firms, including both single-location establishments and multi-location enterprises. It provides insights into the overall size and performance of the barber shop industry over time.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Analysts and policymakers monitor this trend to gauge consumer spending patterns and the health of the personal services market.
Key Facts
- Barber shops are a $4 billion industry in the U.S.
- There are over 280,000 barber shop establishments nationwide.
- The industry employs over 400,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by barber shops classified as employer firms across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall performance of the personal services industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge consumer demand and the health of the personal services market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Revenue for RV (Recreational Vehicle) Parks and Recreational Camps, Establishments Subject To Federal Income Tax, Employer Firms
RVPARCREST27212
Total Revenue for Other Personal Care Services, Establishments Subject to Federal Income Tax, Employer Firms
REVEF812199TAXABL
Total Revenue for Repair and Maintenance, Establishments Subject to Federal Income Tax
REV811TAXABL144QNSA
Total Revenue for Offices of Dentists, All Establishments, Employer Firms
REVEF6212ALLEST
Total Revenue for Services for the Elderly and Persons with Disabilities, All Establishments, Employer Firms
REVEF62412ALLEST
Revenue for Food Services and Drinking Places, All Establishments, Employer and Nonemployer Firms
FSADPRAEEAN1722
Citation
U.S. Federal Reserve, Total Revenue for Barber Shops, All Establishments, Employer Firms (REVEF812111ALLEST), retrieved from FRED.