Labor Compensation: Earnings: Manufacturing: National Accounts: Total for Canada
Quarterly
LCEAMN06CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,030,463,000.00
Year-over-Year Change
20.09%
Date Range
1/1/1961 - 7/1/2023
Summary
The Quarterly Leisure and Hospitality Employment measures the number of jobs in the leisure and hospitality sector in the U.S. on a quarterly basis. This metric provides insights into the health and trends 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 Quarterly Leisure and Hospitality Employment metric tracks employment levels in the leisure and hospitality sector, which includes industries such as food services, accommodations, arts, entertainment, and recreation. This data is used by economists and policymakers to monitor labor market conditions and consumer spending patterns.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in leisure and hospitality employment are closely watched as an indicator of consumer confidence and the broader service-based economy.
Key Facts
- The leisure and hospitality sector accounts for over 17 million U.S. jobs.
- Employment in this sector declined sharply during the COVID-19 pandemic.
- Leisure and hospitality jobs are a leading indicator of economic recovery.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Leisure and Hospitality Employment metric tracks the number of jobs in industries like food services, accommodations, arts, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: Trends in leisure and hospitality employment provide insights into consumer spending, business confidence, and the overall health of the service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Leisure and hospitality employment is closely monitored by economists and policymakers as an indicator of economic conditions and a guide for fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several weeks. There may be revisions to prior periods as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Leisure and Hospitality Employment (LCEAMN06CAQ189S), retrieved from FRED.