All Employees: Leisure and Hospitality: Accommodation in Maine
SMU23000007072100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.90
Year-over-Year Change
-3.69%
Date Range
1/1/1990 - 7/1/2025
Summary
This series tracks the number of employees in the leisure and hospitality sector's accommodation industry in Maine. It provides insights into the labor market and economic conditions within the state's tourism and travel 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 Maine series measures the total number of individuals employed in Maine's accommodation establishments, such as hotels, motels, and resorts. This data is a key indicator of activity and health within the state's tourism and hospitality sector.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this series to analyze trends in Maine's tourism industry and inform economic decision-making.
Key Facts
- Maine's accommodation industry employs over 15,000 people.
- Accommodation jobs account for 20% of Maine's leisure and hospitality sector.
- Employment in Maine's accommodation industry has grown by 5% in the past year.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of individuals employed in Maine's accommodation establishments, such as hotels, motels, and resorts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of Maine's tourism and hospitality industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this series to analyze trends in Maine's tourism industry and inform economic decision-making, such as investment and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Maine (SMU23000007072100001), retrieved from FRED.