Accommodation and Food Services Earnings in Missouri
MOEACC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,652,303.00
Year-over-Year Change
20.83%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Earnings in Missouri trend measures average hourly and weekly earnings for workers in the accommodation and food services industry in the state of Missouri. This metric provides insight into economic conditions and labor market trends in a 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 Accommodation and Food Services Earnings in Missouri series tracks the average hourly and weekly earnings of workers employed in hotels, restaurants, bars, and other food and lodging establishments within the state. This data is used by economists and policymakers to assess the financial well-being of workers in this industry and monitor the broader service economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Accommodation and food services earnings are an important indicator of consumer spending patterns and the overall health of the hospitality industry.
Key Facts
- Missouri's accommodation and food services earnings averaged $16.58 per hour in 2022.
- Weekly earnings in this sector reached $401 on average in 2022.
- Earnings growth in the industry has outpaced the overall state average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Accommodation and Food Services Earnings in Missouri trend measures the average hourly and weekly earnings of workers employed in the accommodation and food services industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial well-being of workers in a key service sector and can be used to monitor broader economic conditions and consumer spending patterns in Missouri.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation and food services earnings are an important indicator used by economists and policymakers to assess the health of the hospitality industry and consumer spending in Missouri.
Q: Are there update delays or limitations?
A: The Accommodation and Food Services Earnings in Missouri data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Earnings in Missouri (MOEACC), retrieved from FRED.