All Employees: Accommodation and Food Services in Indiana
SMU18000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
270.80
Year-over-Year Change
10.80%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Accommodation and Food Services in Indiana trend measures the total number of employees in the accommodation and food services industry in the state of Indiana. This metric is important for understanding the health and resilience of Indiana's service sector.
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 All Employees: Accommodation and Food Services in Indiana trend provides a data series that tracks the monthly change in total employment within the accommodation and food services industry in the state. This information helps economists and policymakers assess the overall performance and labor market conditions of this key service sector in Indiana.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services employment are closely monitored as an indicator of consumer spending and economic activity.
Key Facts
- Indiana's accommodation and food services industry employs over 300,000 workers.
- Employment in this sector fell sharply during the COVID-19 pandemic but has since rebounded.
- The industry accounts for around 10% of total nonfarm employment in Indiana.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Accommodation and Food Services in Indiana trend measures the total number of employees working in the accommodation and food services industry across the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Indiana's service sector, which is a key driver of economic activity and employment in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in accommodation and food services employment are closely monitored by economists and policymakers as an indicator of consumer spending and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve with no significant update delays, providing timely information on this important sector of the Indiana economy.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Indiana (SMU18000007072000001A), retrieved from FRED.