Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Israel
Quarterly, Seasonally Adjusted
LFAC24TTILQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
682,378.70
Year-over-Year Change
6.21%
Date Range
1/1/1995 - 4/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted employment level in the U.S. leisure and hospitality sector. It is a key indicator of economic activity and labor market conditions.
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 Quarterly, Seasonally Adjusted employment level in the leisure and hospitality sector provides insights into the health and recovery of this important industry. It is closely monitored by economists, policymakers, and analysts to assess broader macroeconomic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household and establishment surveys.
Historical Context
This trend is used to inform economic and labor market policy decisions.
Key Facts
- The leisure and hospitality sector accounts for over 16 million U.S. jobs.
- Employment in this sector declined sharply during the COVID-19 pandemic.
- Quarterly data allows for timely monitoring of industry-level labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted employment level in the U.S. leisure and hospitality sector, which includes industries like hotels, restaurants, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: The leisure and hospitality sector is a significant driver of economic activity and employment. Monitoring quarterly trends in this industry provides valuable insights into the overall health of the labor market and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through household and establishment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely follow this trend to assess the state of the labor market and inform decisions on monetary and fiscal policies aimed at promoting economic growth and employment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with some lag from the end of the reference period. There may be seasonal and other adjustments that can affect the interpretation of the data over time.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTILQ647S), retrieved from FRED.