All Employees: Leisure and Hospitality in Minnesota
MNLEIH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
272.30
Year-over-Year Change
-0.15%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Leisure and Hospitality in Minnesota' trend measures employment levels in the leisure and hospitality sector of the Minnesota economy. This provides valuable insight into the strength and recovery of the state's tourism and service industries.
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 series tracks the total number of employees in Minnesota's leisure and hospitality sector, which includes industries like hotels, restaurants, arts, entertainment, and recreation. It is an important economic indicator used to assess the health and performance of Minnesota's service-based businesses and consumer spending.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to understand the impact of economic conditions and events on Minnesota's tourism and service sector.
Key Facts
- Minnesota's leisure and hospitality sector employs over 300,000 workers.
- The sector accounts for nearly 10% of Minnesota's total nonfarm employment.
- Employment in this sector fell sharply during the COVID-19 pandemic but has since partially recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in Minnesota's leisure and hospitality sector, including industries like hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and recovery of Minnesota's tourism and service industries, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand the impact of economic conditions and events on Minnesota's tourism and service sector, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Minnesota (MNLEIH), retrieved from FRED.