All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Missouri
Annual
SMU29000004142400001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.90
Year-over-Year Change
8.93%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total annual change in employment for the leisure and hospitality sector in the United States. This metric is closely watched by economists and policymakers to gauge the health of the broader 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 Annual trend represents the year-over-year change in total nonfarm employment for the leisure and hospitality industry, which includes restaurants, hotels, arts, entertainment, and recreation. This data helps analyze labor market trends and the overall strength of the service economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is a key indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The leisure and hospitality sector accounts for over 17 million U.S. jobs.
- Annual employment growth averaged 2.3% from 2010-2019.
- The sector was hit hard by the COVID-19 pandemic, with a 23.9% annual decline in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total employment for the U.S. leisure and hospitality sector, which includes industries like restaurants, hotels, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: The leisure and hospitality sector is a major component of the U.S. service economy, so the Annual employment trend provides insight into the overall health and direction of this critical industry.
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: The Annual employment trend is closely monitored by the Federal Reserve and other policymakers to help inform decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around 3-4 weeks.
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Citation
U.S. Federal Reserve, Annual (SMU29000004142400001A), retrieved from FRED.