All Employees: Education and Health Services: Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities in Pennsylvania
Not Seasonally Adjusted
SMU42000006562320001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.60
Year-over-Year Change
3.68%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' economic trend tracks employment levels in New York City's leisure and hospitality industry, a key indicator of the local service-based 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
This data series represents the total number of people employed in New York City's leisure and hospitality sector, which includes hotels, restaurants, arts, entertainment, and recreation. It provides a view of economic activity and consumer demand without seasonal adjustments.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and investors to gauge the health and recovery of New York City's service industry.
Key Facts
- New York City's leisure and hospitality sector employs over 400,000 people.
- This industry accounts for nearly 10% of the city's total employment.
- Employment levels in this sector are closely tied to tourism and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of people employed in New York City's leisure and hospitality industry, which includes hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and recovery of New York City's service-based economy, which is a major driver of the local job market and economic activity.
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: Economists, policymakers, and investors use this trend to gauge the performance of New York City's service industry, which informs decisions around economic development, tourism, and consumer spending.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (SMU42000006562320001), retrieved from FRED.