All Employees: Accommodation and Food Services in Missouri
SMU29000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263.50
Year-over-Year Change
13.04%
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 Missouri. It provides insights into the state's tourism and hospitality sectors.
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 Missouri metric tracks the monthly employment levels in this key industry. It is a valuable indicator of economic activity and consumer spending in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and businesses to gauge the health of Missouri's service-based economy.
Key Facts
- Missouri's accommodation and food services industry employs over 300,000 workers.
- Employment in this sector has grown by 10% over the past 5 years.
- The industry accounts for nearly 10% of Missouri's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation and food services industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of Missouri's tourism and hospitality sectors, which are key drivers 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, economists, and businesses closely monitor this trend to gauge consumer spending and overall economic activity in Missouri.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately one month by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Missouri (SMU29000007072000001A), retrieved from FRED.