Infra-Annual Labor Statistics: Employees Total for Portugal
Annual, Seasonally Adjusted
LFESEETTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,344,800.00
Year-over-Year Change
22.77%
Date Range
1/1/1956 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the total employment for the Leisure and Hospitality sector in the United States. This key economic indicator provides insights into the labor market and overall economic activity.
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 employment series tracks the number of people employed in industries such as arts, entertainment, recreation, accommodation, and food services. This data is used by economists and policymakers to assess the health of the service sector and broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey 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 spending and confidence.
Key Facts
- The Leisure and Hospitality sector accounts for over 16 million jobs in the U.S.
- Employment in this sector declined sharply during the COVID-19 pandemic but has since rebounded.
- Leisure and Hospitality jobs tend to be more sensitive to economic conditions compared to other sectors.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures total employment in the Leisure and Hospitality sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in Leisure and Hospitality employment provide insights into consumer behavior, economic growth, and the overall health of the service sector.
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: Leisure and Hospitality employment data is closely monitored by economists and policymakers as an indicator of consumer spending, confidence, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFESEETTPTA647S), retrieved from FRED.