All Employees: Accommodation in Missouri
SMU29000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.70
Year-over-Year Change
15.27%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Accommodation in Missouri' trend measures the total number of people employed in the accommodation industry in the state of Missouri. This metric is important for economists and policymakers to understand the health and trends of Missouri's hospitality sector.
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
This series tracks the total number of individuals employed in accommodation-related businesses in Missouri, such as hotels, motels, and other lodging establishments. It provides insight into the size and performance of this key component of the state's service economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of Missouri's tourism and travel industries.
Key Facts
- Missouri has over 2,000 accommodation establishments.
- The accommodation industry employs over 45,000 people in Missouri.
- Accommodation jobs make up about 2% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Accommodation in Missouri' series tracks the total number of people employed in the accommodation industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and performance of Missouri's hospitality sector, which is an important component of the state's service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of Missouri's tourism and travel industries, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Missouri (SMU29000007072100001A), retrieved from FRED.