All Employees: Leisure and Hospitality: Accommodation in Illinois
SMU17000007072100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.60
Year-over-Year Change
0.41%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality industry's accommodation sector in Illinois. It provides insight into the labor market and economic activity in a key service 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 Illinois series tracks the number of workers employed in hotels, motels, and other accommodation businesses across the state. This metric is an important indicator of the health and growth of Illinois' tourism and travel sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the strength of Illinois' economy and the impact of factors like consumer spending, travel patterns, and business investment.
Key Facts
- Illinois has over 600,000 leisure and hospitality jobs.
- The accommodation sector accounts for about 15% of Illinois' leisure and hospitality workforce.
- Employment in Illinois' accommodation industry has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation sector of Illinois' leisure and hospitality industry, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of Illinois' tourism and travel sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the overall health of Illinois' economy and the impact of factors like consumer spending and business investment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Illinois (SMU17000007072100001), retrieved from FRED.