All Employees: Accommodation and Food Services in Delaware
SMU10000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.50
Year-over-Year Change
19.18%
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 Delaware. It provides insight into the 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: Accommodation and Food Services in Delaware data series tracks the total employment in hotels, restaurants, and other food and lodging establishments within the state. This metric is used by economists and policymakers to assess the strength and trends of the service industry in Delaware.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched as an indicator of consumer demand and the overall health of the Delaware economy.
Key Facts
- Delaware's accommodation and food services sector employs over 50,000 workers.
- Employment in this industry has grown by 15% in the past 5 years.
- The sector accounts for nearly 10% of total non-farm employment in Delaware.
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 within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This employment metric provides insight into the strength of the service sector and consumer demand in the Delaware economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 data to assess the health of the Delaware economy and make informed decisions about economic and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Delaware (SMU10000007072000001A), retrieved from FRED.