Total Revenue for Funeral Homes and Funeral Services, All Establishments, Employer Firms
REVEF81221ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,940.00
Year-over-Year Change
35.39%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by funeral homes and funeral services across all U.S. employer firms. It provides important insights into the funeral industry's economic activity and performance.
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 Funeral Homes and Funeral Services, All Establishments, Employer Firms series tracks the combined revenue of all funeral-related businesses in the United States. This metric is closely monitored by industry analysts and policymakers to gauge the overall health and trends within the funeral services sector.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This revenue trend is a key indicator used to evaluate the funeral services market and inform relevant economic policies.
Key Facts
- Funeral homes and funeral services generate over $20 billion in annual revenue.
- The funeral industry employs more than 130,000 people in the United States.
- Revenue growth in the funeral services sector has averaged 2-3% per year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by funeral homes, cemeteries, and other funeral-related businesses across all U.S. employer firms.
Q: Why is this trend relevant for users or analysts?
A: The total revenue in the funeral services industry is a key indicator of consumer spending, market demand, and the overall health of this important sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this revenue trend to evaluate the funeral services market and inform relevant economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Funeral Homes and Funeral Services, All Establishments, Employer Firms (REVEF81221ALLEST), retrieved from FRED.