Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Australia
Quarterly, Seasonally Adjusted
LFAC25TTAUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,867,301.00
Year-over-Year Change
9.04%
Date Range
4/1/1978 - 4/1/2025
Summary
This series measures the quarterly, seasonally adjusted employment level for the Accommodation and Food Services industry in the United States. It provides important insights into the labor market and consumer demand trends in this key 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 Quarterly, Seasonally Adjusted employment level for the Accommodation and Food Services industry is a closely watched economic indicator that reflects the overall health and activity of this large and influential sector. It is used by policymakers, analysts, and businesses to gauge consumer spending patterns and labor market conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This employment trend is relevant for assessing the broader service economy and consumer spending dynamics, which are crucial inputs for monetary and fiscal policy decisions.
Key Facts
- The Accommodation and Food Services industry accounts for over 15 million jobs in the U.S.
- Employment in this sector is closely tied to consumer confidence and discretionary spending patterns.
- Seasonal adjustments help identify underlying trends beyond typical cyclical variations.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted employment level for the Accommodation and Food Services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the labor market and consumer demand dynamics in a key service sector, which is crucial for policymakers, analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: This employment trend is relevant for assessing the broader service economy and consumer spending patterns, which are crucial inputs for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to typical publication and seasonal adjustment delays, but provides a timely and comprehensive view of employment in this important industry.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC25TTAUQ647S), retrieved from FRED.