All Employees: Construction: Building Equipment Contractors in Minnesota
Annual, Not Seasonally Adjusted
SMU27000002023820001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.90
Year-over-Year Change
48.73%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted employment in the Leisure and Hospitality sector for the United States. It provides insights into the year-over-year changes 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 Annual, Not Seasonally Adjusted employment trend for the Leisure and Hospitality sector offers valuable data for economists and policymakers to evaluate the performance of this important component of the U.S. economy. It serves as a benchmark for analyzing labor market trends in the tourism, entertainment, and service industries.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Historical Context
This trend is widely used to inform economic and policy decisions related to the Leisure and Hospitality industry.
Key Facts
- The Leisure and Hospitality sector accounts for over 17 million jobs in the U.S.
- This industry was significantly impacted by the COVID-19 pandemic.
- Annual, not seasonally adjusted data provides a clear picture of long-term employment trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, not seasonally adjusted employment in the Leisure and Hospitality sector for the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance of a key industry, helping economists and policymakers understand long-term employment patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and policy decisions related to the Leisure and Hospitality industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some delay in publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU27000002023820001A), retrieved from FRED.