All Employees: Leisure and Hospitality: Accommodation in Washington
SMU53000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.05
Year-over-Year Change
0.64%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the accommodation industry within the leisure and hospitality sector in Washington state. It provides insights into the labor market dynamics of a key 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 All Employees: Leisure and Hospitality: Accommodation in Washington metric tracks the number of people employed in the accommodation industry, which includes hotels, motels, and other lodging facilities. This data point is used by economists and policymakers to analyze workforce trends and the broader health of the state's tourism and service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by state and local governments, as well as businesses in the hospitality and tourism sectors.
Key Facts
- Washington's accommodation industry employs over 50,000 workers.
- Employment in this sector has fluctuated due to the COVID-19 pandemic.
- The accommodation industry is a key part of Washington's broader leisure and hospitality sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accommodation industry, which includes hotels, motels, and other lodging facilities, within the leisure and hospitality sector in Washington state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market dynamics of a key service industry in Washington, which is important for understanding the broader health of the state's tourism and hospitality economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely watched by state and local governments, as well as businesses in the hospitality and tourism sectors, to monitor workforce trends and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Washington (SMU53000007072100001SA), retrieved from FRED.