All Employees: Leisure and Hospitality: Accommodation and Food Services in Arkansas
SMS05000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.50
Year-over-Year Change
2.44%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of people employed in the leisure and hospitality sector, specifically in accommodation and food services, within the state of Arkansas. It provides insights into the health and activity of this important economic segment.
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 All Employees: Leisure and Hospitality: Accommodation and Food Services in Arkansas metric tracks employment levels in businesses that provide lodging and prepare meals, drinks, and snacks for immediate consumption. This data is used by economists and policymakers to assess the strength of the local service industry and consumer demand.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is a key indicator of economic conditions and consumer spending patterns in Arkansas.
Key Facts
- Arkansas has over 200,000 leisure and hospitality employees.
- Accommodation and food services account for nearly 80% of this sector's jobs.
- Employment in this industry typically peaks during the summer months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the leisure and hospitality sector, specifically in accommodation and food services, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of an important economic segment, offering clues about consumer demand and the strength of the local service industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is a key indicator of economic conditions and consumer spending patterns in Arkansas, which is useful for policymakers and market analysts.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the U.S. Bureau of Labor Statistics strives to provide timely and accurate information on employment in this sector.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Arkansas (SMS05000007072000001), retrieved from FRED.