All Employees: Leisure and Hospitality: Accommodation in Massachusetts
SMU25000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.75
Year-over-Year Change
0.82%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the accommodation industry in Massachusetts, a key component of the leisure and hospitality sector. It provides insights into the strength and recovery of the state's tourism and travel-related economy.
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: Leisure and Hospitality: Accommodation in Massachusetts trend tracks the monthly employment levels in hotels, motels, and other accommodation businesses across the state. This data is used by economists and policymakers to assess the health and resilience of the state's tourism industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, industry groups, and financial analysts to understand economic conditions and guide policy decisions.
Key Facts
- Massachusetts is a major tourist destination, with over 25 million visitors annually.
- The accommodation industry accounts for over 50,000 jobs in the state.
- Employment in this sector has fluctuated due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation industry in Massachusetts, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and recovery of Massachusetts' tourism and travel-related economy, which is a significant driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry groups, and financial analysts to understand economic conditions and guide policy decisions related to the tourism and hospitality sectors.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of several weeks between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Massachusetts (SMU25000007072100001SA), retrieved from FRED.