All Employees: Leisure and Hospitality: Accommodation and Food Services in Alabama
SMU01000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.30
Year-over-Year Change
2.70%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically focusing on the accommodation and food services industry in the state of Alabama. It provides valuable insights into the labor market and consumer demand within this key economic 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 All Employees: Leisure and Hospitality: Accommodation and Food Services in Alabama metric tracks the monthly employment levels in this industry, which is a significant contributor to the state's economy. Economists and policymakers use this data to assess the overall health and trends within Alabama's service-based industries.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is closely monitored by economists, businesses, and government officials to understand the economic conditions and consumer behavior in Alabama.
Key Facts
- Alabama's leisure and hospitality sector employs over 200,000 workers.
- The accommodation and food services industry accounts for over 60% of this sector's employment.
- Employment in this industry has fluctuated significantly due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically the accommodation and food services industry, within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and consumer demand within a key service-based industry in Alabama, which is important for understanding the state's economic conditions and performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Economists, businesses, and government officials closely monitor this trend to understand the economic conditions and consumer behavior in Alabama, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be occasional delays or revisions due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Alabama (SMU01000007072000001), retrieved from FRED.