All Employees: Leisure and Hospitality: Accommodation and Food Services in Utah
SMS49000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.50
Year-over-Year Change
0.14%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the leisure and hospitality sector, specifically accommodation and food services, within the state of Utah. It provides important insights into the health and recovery of a key industry in 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 Utah data series tracks the number of people employed in these service-oriented industries across the state. This metric is widely used by economists and policymakers to assess economic activity, consumer demand, and labor market trends.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this sector are closely monitored for their implications on consumer spending, tourism, and the broader service industry in Utah.
Key Facts
- Utah's leisure and hospitality sector employs over 200,000 workers.
- Employment in this sector declined sharply during the COVID-19 pandemic.
- The industry has since experienced a strong recovery, nearing pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of people employed in the leisure and hospitality sector, specifically accommodation and food services, within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in this sector are closely monitored for their implications on consumer spending, tourism, and the broader service industry in Utah.
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 use this metric to assess economic activity, consumer demand, and labor market trends in Utah.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Utah (SMS49000007072000001), retrieved from FRED.