All Employees: Leisure and Hospitality: Accommodation and Food Services in District of Columbia
SMS11000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.80
Year-over-Year Change
2.53%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the District of Columbia. It provides valuable insights into the economic activity and labor market conditions in this key service 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 All Employees: Leisure and Hospitality: Accommodation and Food Services in District of Columbia data series tracks the total employment levels in this industry, which includes hotels, restaurants, bars, and other food and lodging establishments. This metric is closely monitored by economists and policymakers to assess the overall health of the local service-based economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to inform economic policy decisions and guide investment strategies in the District of Columbia's tourism and service industries.
Key Facts
- The leisure and hospitality sector accounts for a significant portion of employment in the District of Columbia.
- Employment in this industry can be sensitive to changes in tourism, consumer spending, and economic conditions.
- Monitoring this trend helps policymakers understand the local service-based economy and make informed decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically the accommodation and food services industry, within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and activity of the District of Columbia's service-based economy, which is a critical component of the local labor market and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is used to inform economic policy decisions and guide investment strategies in the District of Columbia's tourism and service industries.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of the underlying government surveys.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in District of Columbia (SMS11000007072000001), retrieved from FRED.