Sources of Revenue: Temporary Staffing Services for Temporary Help Services, All Establishments, Employer Firms
REVTSSEF56132ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
219,949.00
Year-over-Year Change
103.08%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the sources of revenue for temporary staffing services, which provide temporary workers to businesses. It provides insights into the overall demand for temporary labor and the economic conditions affecting the staffing 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
The Sources of Revenue: Temporary Staffing Services for Temporary Help Services, All Establishments, Employer Firms metric tracks the revenue sources of firms that provide temporary staffing services. This data is used by economists and policymakers to assess the health of the labor market and the broader economy.
Methodology
The data is collected through surveys of temporary staffing service providers.
Historical Context
This trend is a key indicator of economic activity and labor market dynamics.
Key Facts
- Temporary staffing services revenue accounts for over $130 billion annually in the U.S.
- The temporary staffing industry employs over 3 million workers in the U.S.
- Demand for temporary labor often rises during economic expansions and declines during recessions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sources of revenue for firms that provide temporary staffing services, including revenue from providing temporary workers to businesses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demand for temporary labor, which is a key indicator of economic conditions and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of temporary staffing service providers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of the labor market and the broader economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Sources of Revenue: Temporary Staffing Services for Temporary Help Services, All Establishments, Employer Firms (REVTSSEF56132ALLEST), retrieved from FRED.