Annual, Not Seasonally Adjusted
SMU04000004245290001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.10
Year-over-Year Change
20.53%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the Leisure and Hospitality sector in the U.S. This metric is crucial for understanding the health and recovery of the service industry, a key driver of economic growth.
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 Annual, Not Seasonally Adjusted employment level in the Leisure and Hospitality sector represents the total number of jobs in industries such as hotels, restaurants, arts, entertainment, and recreation. This trend provides insights into the seasonal and cyclical patterns of service-based employment, which is vital for policymakers and analysts monitoring the broader economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is closely watched by economists, investors, and policymakers to gauge the strength of the service sector and its contribution to overall economic performance.
Key Facts
- The Leisure and Hospitality sector accounts for over 15% of total U.S. employment.
- Employment in this sector is highly sensitive to economic cycles and consumer spending patterns.
- The COVID-19 pandemic led to a sharp decline in Leisure and Hospitality employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment level in the Leisure and Hospitality sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and recovery of the service industry, a key driver of economic growth. It is closely monitored by economists, policymakers, and investors to gauge the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is used by policymakers to assess the performance of the service sector and its contribution to overall economic growth. It informs decision-making on fiscal and monetary policies aimed at supporting the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU04000004245290001A), retrieved from FRED.