All Employees: Leisure and Hospitality: Accommodation and Food Services in Arkansas
SMU05000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.40
Year-over-Year Change
5.02%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Arkansas. It provides insights into the overall labor market and economic activity 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 Arkansas trend tracks the total number of individuals employed in businesses related to accommodation, food services, and leisure activities within the state. This data is used by economists and policymakers to assess the health and performance of the tourism and service industries in Arkansas.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic conditions and labor market dynamics in Arkansas, as the leisure and hospitality sector is a significant contributor to the state's economy.
Key Facts
- Arkansas's leisure and hospitality sector accounts for over 10% of the state's total employment.
- Employment in this sector has shown strong growth in recent years, reflecting the state's thriving tourism industry.
- Accommodation and food services make up the largest component of the leisure and hospitality industry in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of the tourism and service industries in Arkansas, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the economic conditions and labor market dynamics in Arkansas, particularly in the leisure and hospitality sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Arkansas (SMU05000007072000001), retrieved from FRED.