Infra-Annual Labor Statistics: Employees Total for Norway
Quarterly, Not Seasonally Adjusted
LFESEETTNOQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,725,800.00
Year-over-Year Change
1.17%
Date Range
7/1/1972 - 1/1/2025
Summary
This economic trend measures the total employment level for the Leisure and Hospitality sector in the United States on a quarterly basis, without seasonal adjustments. It provides important insights into the labor market and economic conditions within this key 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 Leisure and Hospitality total employment level is a widely tracked economic indicator that represents the number of people employed in the accommodation, food services, arts, entertainment, and recreation industries. This unadjusted quarterly data is used by economists and policymakers to analyze industry-specific employment trends and assess the overall health of the services sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding consumer spending patterns, assessing the impacts of economic policies, and forecasting broader macroeconomic conditions.
Key Facts
- The Leisure and Hospitality sector accounts for over 17 million jobs in the U.S. economy.
- Employment in this sector tends to be more volatile than other industries, reflecting its sensitivity to changes in consumer demand.
- The COVID-19 pandemic had a significant impact on Leisure and Hospitality employment, which saw steep declines in 2020 before starting to recover in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment level for the Leisure and Hospitality sector in the United States on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the labor market and economic conditions within the key Leisure and Hospitality industry, which is closely tied to consumer spending patterns and broader macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze industry-specific employment trends and assess the overall health of the services sector, which can inform economic policies and forecasting.
Q: Are there update delays or limitations?
A: The Leisure and Hospitality employment data is released on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFESEETTNOQ647N), retrieved from FRED.