Unemployment Rate - Leisure and Hospitality, Private Wage and Salary Workers
LNU04032241 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
12.73%
Date Range
1/1/2000 - 7/1/2025
Summary
Measures unemployment among leisure and hospitality private sector workers. Provides crucial insights into service industry labor market dynamics.
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
This indicator tracks jobless rates in a critical, employment-intensive economic sector experiencing significant workforce volatility.
Methodology
Bureau of Labor Statistics surveys private sector establishments monthly.
Historical Context
Essential for understanding service industry employment trends and economic resilience.
Key Facts
- Highly sensitive to economic disruptions
- Reflects consumer spending and travel trends
- Significant employment sector in U.S. economy
FAQs
Q: Why is leisure and hospitality unemployment important?
A: Large employment sector indicating broader economic health and consumer confidence. Reflects economic recovery potential.
Q: How do economic shocks impact this sector?
A: Pandemic demonstrated sector's vulnerability to external economic disruptions and rapid employment fluctuations.
Q: What drives leisure and hospitality employment?
A: Consumer spending, travel trends, seasonal variations, and overall economic conditions significantly influence employment.
Q: How frequently is this data collected?
A: Monthly surveys provide current unemployment snapshots for this dynamic sector.
Q: What challenges affect this employment sector?
A: Technological changes, economic cycles, and shifting consumer preferences create ongoing employment challenges.
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Citation
U.S. Federal Reserve, Unemployment Rate - Leisure and Hospitality (LNU04032241), retrieved from FRED.