All Employees: Leisure and Hospitality: Accommodation in Connecticut
SMU09000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.54
Year-over-Year Change
2.37%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the accommodation industry in Connecticut, which is a key component of the leisure and hospitality sector. It provides insight into the economic health and labor market conditions 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 Connecticut metric tracks the total number of employees in the accommodation industry, including hotels, motels, and other lodging facilities, within the state of Connecticut. This data is used by economists and policymakers to assess the performance and trends in the leisure and hospitality sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer spending patterns, business investment, and the overall health of the tourism and travel industries in Connecticut.
Key Facts
- Connecticut's accommodation industry employed over 30,000 workers in 2022.
- The accommodation sector accounts for over 10% of total leisure and hospitality jobs in Connecticut.
- Employment in Connecticut's accommodation industry has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation industry, including hotels, motels, and other lodging facilities, within the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic health and labor market conditions in the important leisure and hospitality sector, which is a key driver of economic activity in Connecticut.
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: This trend is used by economists and policymakers to assess the performance and trends in the leisure and hospitality sector, which is crucial for understanding consumer spending patterns, business investment, and the overall health of the tourism and travel industries in Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Connecticut (SMU09000007072100001SA), retrieved from FRED.