Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Israel
Annual, Seasonally Adjusted
LREM25TTILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.33
Year-over-Year Change
4.59%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted employment level in the leisure and hospitality industry. It provides key insights into the health and recovery of this important economic sector.
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 Annual, Seasonally Adjusted employment series tracks the total number of people employed in the leisure and hospitality industry on an annual basis, with seasonal factors removed. This metric is a valuable indicator of economic activity and consumer demand in sectors like travel, dining, and entertainment.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers closely monitor this trend to assess the broader economic climate and make informed decisions.
Key Facts
- The leisure and hospitality industry accounts for over 15% of total U.S. employment.
- This sector was hit hardest by the COVID-19 pandemic, losing over 8 million jobs in 2020.
- Employment in leisure and hospitality has steadily recovered, but remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment level in the U.S. leisure and hospitality industry, which includes sectors like travel, dining, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and recovery of a key economic sector, making it an important indicator for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the broader economic climate and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM25TTILA156S), retrieved from FRED.