All Employees: Leisure and Hospitality in the District of Columbia
SMU11000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.10
Year-over-Year Change
17.89%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in the District of Columbia' metric tracks employment levels in the leisure and hospitality sector for Washington, D.C. This is a key economic indicator for policymakers and analysts monitoring the local service 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 trend measures the total number of employees in the leisure and hospitality sector, which includes restaurants, hotels, arts, entertainment, and recreation in the District of Columbia. It provides insight into the strength and resilience of the local service economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Leisure and hospitality employment is closely watched as it reflects consumer demand and business confidence in the regional economy.
Key Facts
- The leisure and hospitality sector accounts for about 20% of total employment in Washington, D.C.
- Leisure and hospitality employment in D.C. peaked in early 2020 before declining sharply due to the COVID-19 pandemic.
- The sector has since recovered most but not all of the jobs lost during the initial economic disruption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the leisure and hospitality sector in Washington, D.C., including jobs in restaurants, hotels, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: Leisure and hospitality employment is a key indicator of the health and performance of the local service economy, which is a major driver of economic activity and growth in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor leisure and hospitality employment to assess consumer demand, business confidence, and the overall strength of the regional economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month lag between the reference period and the public release.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in the District of Columbia (SMU11000007000000001A), retrieved from FRED.