All Employees: Leisure and Hospitality: Accommodation in Arkansas
SMU05000007072100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
0.85%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the accommodation industry, a key component of the leisure and hospitality sector, within the state of Arkansas. It provides valuable insights into the labor market and economic activity in this important industry.
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 in Arkansas series tracks the number of people employed in hotels, motels, and other accommodation establishments across the state. This metric is used by economists and policymakers to gauge the health and trends within the tourism and travel industry in Arkansas.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, businesses, and government agencies to understand consumer demand, industry performance, and the broader economic conditions in Arkansas.
Key Facts
- Arkansas has over 1,500 accommodation establishments.
- Leisure and hospitality is a major industry in Arkansas, accounting for over 10% of total employment.
- Employment in the accommodation industry in Arkansas has fluctuated with changes in tourism and travel patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accommodation industry, which includes hotels, motels, and other lodging establishments, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the performance and health of the tourism and travel industry in Arkansas, which is an important driver of economic activity in the state.
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, policymakers, and businesses closely monitor this trend to understand consumer demand, industry performance, and broader economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Federal Reserve, with a typical release delay of a few weeks.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Arkansas (SMU05000007072100001), retrieved from FRED.