All Employees: Leisure and Hospitality: Accommodation and Food Services in Connecticut
SMS09000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.80
Year-over-Year Change
2.57%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the leisure and hospitality sector, specifically the accommodation and food services industry, within the state of Connecticut. It provides insight into the health and activity of this key service-based segment of the state's economy.
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 All Employees: Leisure and Hospitality: Accommodation and Food Services in Connecticut metric tracks the total number of people employed in these service-providing industries across the state. It is a closely watched indicator for economists and policymakers evaluating Connecticut's labor market and broader economic conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend offers crucial context for assessing consumer demand, business investment, and the overall trajectory of Connecticut's service economy.
Key Facts
- Connecticut's leisure and hospitality sector accounts for over 10% of total state employment.
- Accommodation and food services employment has rebounded to pre-pandemic levels in Connecticut.
- The leisure and hospitality industry is a major driver of economic activity in many local communities across the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the leisure and hospitality sector, specifically the accommodation and food services industry, within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This employment metric offers crucial insights into the health and activity of a key service-based segment of Connecticut's economy, providing context for evaluating consumer demand, business investment, and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this employment trend to assess the performance and trajectory of Connecticut's service economy, which is a major driver of economic activity in the state.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all informal or self-employment within the leisure and hospitality sector.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Connecticut (SMS09000007072000001), retrieved from FRED.