All Employees: Accommodation and Food Services in Wisconsin
SMU55000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.40
Year-over-Year Change
9.58%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the accommodation and food services industry in Wisconsin. It provides insight 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 Wisconsin metric tracks the total employment levels in Wisconsin's hotels, restaurants, and other hospitality businesses. It is a key indicator of economic activity and consumer demand in the state's tourism industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to monitor the health of Wisconsin's tourism and service sectors.
Key Facts
- Wisconsin has over 300,000 accommodation and food service employees.
- The hospitality industry accounts for 10% of the state's total employment.
- Tourism spending in Wisconsin exceeds $20 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation and food services industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Wisconsin's tourism and hospitality sectors, which are important contributors to the state's economy.
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 economists use this trend to monitor the performance of Wisconsin's service and tourism industries, which inform decisions around economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Wisconsin (SMU55000007072000001A), retrieved from FRED.