All Employees: Accommodation and Food Services in Idaho
SMU16000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.50
Year-over-Year Change
50.67%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services sector in the state of Idaho. It provides valuable insights into the labor market and economic activity in this key 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: Accommodation and Food Services in Idaho series tracks the total number of people employed in businesses such as hotels, restaurants, bars, and other food and lodging establishments across the state. This data is used by economists and policymakers to assess the health and growth of Idaho's hospitality and tourism sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to monitor economic conditions and inform policy decisions related to the hospitality industry.
Key Facts
- Idaho's accommodation and food services sector employs over 90,000 people.
- Employment in this sector has grown by 20% over the past 5 years.
- The industry accounts for nearly 10% of Idaho's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation and food services sector in the state of Idaho, including hotels, restaurants, bars, and other hospitality businesses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of Idaho's hospitality and tourism industries, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to monitor economic conditions and inform decisions related to the hospitality industry, such as tourism promotion and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Idaho (SMU16000007072000001A), retrieved from FRED.