All Employees: Accommodation and Food Services in Arkansas
SMU05000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.70
Year-over-Year Change
23.20%
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 Arkansas. It provides insight into the overall health and activity of this important sector of the state's economy.
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 Arkansas series tracks the monthly employment levels in the accommodation and food services industry, which includes hotels, restaurants, bars, and other hospitality businesses. This data is used by economists and policymakers to monitor economic conditions and make informed decisions.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services employment are closely watched as an indicator of consumer spending and the broader state of the Arkansas economy.
Key Facts
- Arkansas has over 160,000 employees in the accommodation and food services industry.
- Employment in this sector has grown by 15% in the past 5 years.
- The accommodation and food services industry accounts for 10% of total employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation and food services industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of an important sector of the Arkansas economy, and is closely watched as an indicator of consumer spending and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in accommodation and food services employment are used by economists and policymakers to monitor economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Arkansas (SMU05000007072000001A), retrieved from FRED.