All Employees: Accommodation and Food Services in Arizona
SMU04000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.60
Year-over-Year Change
33.22%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in the state of Arizona. It provides insights into the labor market and economic activity in this important 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: Accommodation and Food Services in Arizona series tracks the total number of people employed in hotels, restaurants, bars, and other food and lodging establishments located in the state. This metric is a key indicator of consumer demand and economic health in Arizona's tourism and hospitality industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses monitor this trend to understand labor market conditions and consumer spending patterns in Arizona's service economy.
Key Facts
- Arizona's accommodation and food services industry employed over 300,000 workers as of the latest data.
- This sector accounts for nearly 10% of total nonfarm employment in the state.
- Employment in this industry has recovered to pre-pandemic levels in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation and food services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, economic activity, and labor market conditions in Arizona's tourism and hospitality sectors.
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: Policymakers and businesses monitor this trend to understand labor market conditions and consumer spending patterns in Arizona's service economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Arizona (SMU04000007072000001A), retrieved from FRED.