Accommodation and Food Services Wages and Salaries in Kansas
This dataset tracks accommodation and food services wages and salaries in kansas over time.
Latest Value
3178695.00
Year-over-Year Change
21.21%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Wages and Salaries in Kansas trend measures the average hourly earnings of workers in the accommodation and food services sector within the state of Kansas. This metric is a key indicator of economic activity and consumer demand in the hospitality 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 Accommodation and Food Services Wages and Salaries in Kansas data series tracks the average hourly wage rates for employees in the state's hospitality sector. This information is used by economists, policymakers, and industry analysts to gauge the overall health and competitiveness of Kansas' tourism and service-oriented businesses.
Methodology
The data is collected through monthly surveys of private nonfarm businesses in Kansas.
Historical Context
Trends in accommodation and food services wages can inform policy decisions around minimum wage, labor market regulations, and economic development initiatives.
Key Facts
- Wages in Kansas' accommodation and food services sector average $13.35 per hour.
- The hospitality industry employs over 150,000 workers in Kansas.
- Wages in this sector grew 4.2% year-over-year in the latest period.
FAQs
Q: What does this economic trend measure?
A: The Accommodation and Food Services Wages and Salaries in Kansas trend measures the average hourly earnings of workers in the state's hospitality industry, including hotels, restaurants, bars, and other food service establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and competitiveness of Kansas' service-oriented businesses, as well as the purchasing power and cost of living for hospitality workers in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private nonfarm businesses in Kansas conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in accommodation and food services wages can inform policy decisions around minimum wage, labor market regulations, and economic development initiatives targeting the hospitality industry in Kansas.
Q: Are there update delays or limitations?
A: The Accommodation and Food Services Wages and Salaries in Kansas data is published monthly with a 1-2 month lag, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Wages and Salaries in Kansas (KSWACC), retrieved from FRED.