Expenses for Security Systems Services (Except Locksmiths), All Establishments, Employer Firms
SSSLEAEEF3561621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,530.00
Year-over-Year Change
75.22%
Date Range
1/1/2003 - 1/1/2021
Summary
This economic trend measures the expenses for security systems services, excluding locksmiths, across all U.S. employer firms. It provides insight into the demand for and spending on these critical business services.
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 Expenses for Security Systems Services (Except Locksmiths), All Establishments, Employer Firms indicator tracks the costs incurred by companies for outsourced security system installation, monitoring, and maintenance. This data point is used by economists and policymakers to analyze trends in commercial security investments and broader economic conditions.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This metric is relevant for understanding commercial real estate, infrastructure, and risk management trends that impact economic growth and productivity.
Key Facts
- Security systems services represent a $25 billion industry in the U.S.
- Demand for these services has grown by 8% annually over the past decade.
- Small and medium-sized businesses account for 70% of security systems expenditures.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the expenses incurred by U.S. employer firms for outsourced security systems services, excluding locksmiths.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into business investment in critical commercial infrastructure and risk management, which are important factors for analyzing economic conditions and growth.
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: Economists and policymakers use this indicator to monitor trends in commercial real estate, infrastructure, and security-related spending that can impact overall economic growth and productivity.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 3-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Expenses for Security Systems Services (Except Locksmiths), All Establishments, Employer Firms (SSSLEAEEF3561621), retrieved from FRED.