All Employees: Accommodation and Food Services in Alabama
SMU01000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.30
Year-over-Year Change
17.76%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in Alabama. It provides valuable insights into the labor market and economic activity in this important 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: Accommodation and Food Services in Alabama metric tracks the monthly employment levels in the accommodation and food services industry within the state. This data is used by economists and policymakers to monitor the health and recovery of Alabama's service-oriented businesses.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the broader economic conditions and consumer spending patterns in Alabama.
Key Facts
- Alabama's accommodation and food services industry employs over 200,000 workers.
- This sector accounts for nearly 10% of the state's total non-farm employment.
- Employment levels in this industry are closely tied to tourism and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation and food services industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and recovery of Alabama's service-oriented businesses, which are important indicators of the state's broader economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor the performance of Alabama's accommodation and food services industry, which is a key component of the state's economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Alabama (SMU01000007072000001A), retrieved from FRED.