All Employees: Leisure and Hospitality in Arkansas
SMU05000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.90
Year-over-Year Change
25.39%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in Arkansas' trend measures the total number of leisure and hospitality workers employed in the state of Arkansas. This data provides important insights into the performance and health of Arkansas' service-based 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
This series tracks the total number of employees in the leisure and hospitality sector for the state of Arkansas. It serves as a key indicator of consumer demand and spending patterns, helping economists and policymakers assess the broader economic conditions in the state.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, investors, and policymakers to evaluate the strength of Arkansas' service industry and consumer-driven economy.
Key Facts
- Arkansas' leisure and hospitality sector employs over 200,000 workers.
- Leisure and hospitality jobs account for 15% of total employment in Arkansas.
- The sector experienced a sharp decline during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector in the state of Arkansas, which includes jobs in areas like hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending patterns and the overall health of Arkansas' service-based economy, making it a key indicator for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of Arkansas' consumer-driven economy and make informed decisions about economic policies, stimulus measures, and investments.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Arkansas (SMU05000007000000001A), retrieved from FRED.