All Employees: Leisure and Hospitality: Accommodation and Food Services in Delaware
SMS10000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.60
Year-over-Year Change
-3.18%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Delaware. It provides insight into the strength and resilience 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 Delaware metric tracks the employment levels in Delaware's hospitality and tourism-related businesses, including hotels, restaurants, and other service providers. This data is closely monitored by economists and policymakers to gauge the health of the state's service economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic and labor market policies, as well as investment decisions in the leisure and hospitality industry.
Key Facts
- Delaware's leisure and hospitality sector employs over 50,000 people.
- The accommodation and food services industry is a major driver of Delaware's economy.
- Employment in this sector has fluctuated with changes in consumer spending and travel patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and resilience of Delaware's service economy, which is heavily dependent on the leisure and hospitality industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and labor market policies, as well as investment decisions in the leisure and hospitality industry.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Delaware (SMS10000007072000001), retrieved from FRED.