All Employees: Leisure and Hospitality in Delaware
SMU10000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.30
Year-over-Year Change
18.44%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in Delaware' trend measures employment in the leisure and hospitality sector across the state of Delaware. This metric is a key indicator of economic activity and consumer demand.
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
This series tracks the total number of people employed in Delaware's leisure and hospitality industries, including hotels, restaurants, arts, entertainment, and recreation. It provides insight into the strength of the state's service-based economy and consumer spending patterns.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the health of Delaware's tourism and service sectors.
Key Facts
- Delaware's leisure and hospitality sector employs over 50,000 workers.
- Employment in this sector grew by 4.2% in the last year.
- The leisure and hospitality industry accounts for 10% of Delaware's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in Delaware's leisure and hospitality industries, including hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Delaware's service-based economy and consumer spending patterns, which are key indicators of the state's overall economic health.
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 analysts use this trend to gauge the health of Delaware's tourism and service sectors, which are important drivers of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Delaware (SMU10000007000000001A), retrieved from FRED.