All Employees: Accommodation and Food Services in Mississippi
SMU28000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.20
Year-over-Year Change
11.59%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in Mississippi. It provides insight into the health and activity of this important sector of the state's economy.
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 Mississippi series tracks the total employment levels in businesses providing lodging and food services throughout the state. This metric is closely watched by economists and policymakers to assess consumer demand and labor market conditions.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services employment are relevant for understanding consumer spending patterns and the broader service-sector labor market.
Key Facts
- Mississippi has over 140,000 employees in accommodation and food services.
- This sector accounts for over 10% of total employment in the state.
- Employment levels have largely recovered to pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation and food services industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, labor market conditions, and the overall health of an important sector of Mississippi'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: Trends in accommodation and food services employment are closely watched by economists and policymakers to assess the strength of consumer spending and the broader service-sector labor market.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Mississippi (SMU28000007072000001A), retrieved from FRED.