All Employees: Accommodation in Pennsylvania
SMU42000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.40
Year-over-Year Change
3.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the accommodation industry in Pennsylvania. It provides insight into the state's tourism and 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
The All Employees: Accommodation in Pennsylvania metric measures the total number of workers employed in the accommodation industry, which includes hotels, motels, and other lodging facilities. This data is a key indicator of activity and demand in Pennsylvania's tourism and travel economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this trend to understand labor market conditions and consumer demand in Pennsylvania's hospitality industry.
Key Facts
- Pennsylvania's accommodation industry employs over 90,000 workers.
- Employment in this sector has grown by 15% over the past decade.
- The accommodation industry accounts for 2.5% of total employment in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of employees working in the accommodation industry in the state of Pennsylvania, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: The accommodation employment data provides insight into the strength and performance of Pennsylvania's tourism and travel economy, which is a key driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to understand labor market conditions and consumer demand in Pennsylvania's hospitality industry, which informs economic development and tourism promotion strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. It may not capture all informal or seasonal employment in the accommodation sector.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Pennsylvania (SMU42000007072100001A), retrieved from FRED.