Infra-Annual Labor Statistics: Employees Total for Switzerland
Annual, Not Seasonally Adjusted
LFESEETTCHA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,044,575.00
Year-over-Year Change
9.93%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic series measures the annual total employment in the leisure and hospitality sector, without seasonal adjustments. It provides insights into long-term trends and the overall health of the leisure and hospitality 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
The Leisure and Hospitality Annual Total Employment, Not Seasonally Adjusted series tracks the total number of jobs in the leisure and hospitality sector of the U.S. economy. This data is important for understanding the strength and growth of the tourism, recreation, and service industries over time.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to assess economic conditions and guide policy decisions.
Key Facts
- The leisure and hospitality sector accounts for over 15% of total U.S. employment.
- Annual leisure and hospitality employment reached a record high of 16.9 million jobs in 2019.
- The sector experienced significant job losses during the COVID-19 pandemic, with employment declining by over 30% in 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of jobs in the leisure and hospitality sector of the U.S. economy, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The leisure and hospitality industry is a key driver of economic activity and employment, so this trend provides important insights into the overall health of the service sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this employment trend to assess economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of about one month from the reference period.
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Citation
U.S. Federal Reserve, Leisure and Hospitality Annual Total Employment, Not Seasonally Adjusted (LFESEETTCHA647N), retrieved from FRED.