Total Revenue for Beauty Shops, All Establishments, Employer Firms
REVEF812112ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,035.00
Year-over-Year Change
39.83%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for Beauty Shops, All Establishments, Employer Firms' measures the total revenue generated by beauty salons and barbershops in the United States. This metric is a key indicator of consumer spending and economic activity in the personal care 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 trend represents the total revenue collected by all employer-owned beauty shops and salons across the United States. It is a valuable data point for analyzing consumer demand, industry performance, and broader economic trends within the personal services sector.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts closely monitor this indicator to gauge consumer confidence and discretionary spending patterns.
Key Facts
- Beauty shops generate over $50 billion in annual revenue in the US.
- The industry employs more than 1 million people nationwide.
- Revenue grew by 4.2% in 2021 compared to the previous year.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total revenue generated by beauty salons, barbershops, and other personal care establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of consumer spending and economic activity in the personal services industry, providing insights into broader economic conditions.
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: Policymakers and market analysts monitor this indicator to gauge consumer confidence and discretionary spending patterns, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 quarters behind the current period, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Total Revenue for Beauty Shops, All Establishments, Employer Firms (REVEF812112ALLEST), retrieved from FRED.