All Employees: Accommodation in Arizona
SMU04000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
7.48%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in the accommodation industry in Arizona. It provides insight into the size and activity of the state's hospitality 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 in Arizona metric tracks monthly changes in the number of individuals employed at hotels, motels, and other lodging establishments across the state. This data is used by economists and policymakers to monitor the health and growth of Arizona's tourism and travel industry.
Methodology
The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing the performance of Arizona's hospitality market and its broader economic conditions.
Key Facts
- Arizona's accommodation industry employed over 81,000 workers as of 2022.
- Employment in this sector declined sharply during the COVID-19 pandemic but has since rebounded.
- The accommodation industry accounts for approximately 3% of total nonfarm employment in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation industry in the state of Arizona, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health and growth of Arizona's tourism and hospitality sector, which is a significant part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the performance of Arizona's hospitality market and its broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Arizona (SMU04000007072100001A), retrieved from FRED.