All Employees: Leisure and Hospitality: Accommodation in Louisiana
SMU22000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.42
Year-over-Year Change
-2.83%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the accommodation industry in Louisiana's leisure and hospitality sector. It provides important insights into the state's tourism and travel-related economic activity.
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 Louisiana series tracks the employment level in Louisiana's accommodation industry, which includes hotels, motels, and other lodging establishments. This metric is a key indicator of the state's tourism and service-based economic health.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts closely monitor this trend to gauge the strength of Louisiana's leisure and hospitality sector and make informed decisions.
Key Facts
- Louisiana's accommodation industry employs over 40,000 people.
- Accommodation jobs account for about 20% of the state's leisure and hospitality sector.
- The accommodation industry is a significant contributor to Louisiana's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the accommodation industry, which includes hotels, motels, and other lodging establishments, within Louisiana's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength of Louisiana's tourism and travel-related economic activity, which is a significant driver of the state's economy.
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 industry analysts closely monitor this trend to gauge the health of Louisiana's leisure and hospitality sector and make informed decisions about economic development, tourism promotion, and other related policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of a few weeks, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Louisiana (SMU22000007072100001SA), retrieved from FRED.