All Employees: Accommodation and Food Services in the District of Columbia
SMU11000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.30
Year-over-Year Change
15.24%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures total employment in the accommodation and food services industry in the District of Columbia. It provides insight into the strength of the local hospitality sector, which is a key component of the D.C. 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 the District of Columbia metric tracks the total number of individuals employed in D.C.'s hotels, restaurants, bars, and other food and lodging establishments. This data point is closely monitored by economists and policymakers to gauge the health and trajectory of the District's tourism and service industry.
Methodology
The data is collected through a monthly survey of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation and food services employment are used to inform economic and workforce development policies in the District.
Key Facts
- D.C. has over 75,000 accommodation and food services employees.
- This sector accounts for nearly 10% of total employment in the District.
- Employment in this industry has grown over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the accommodation and food services industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the strength of D.C.'s hospitality and tourism sectors, which are major drivers of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of business establishments 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 to inform economic and workforce development policies in the District.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in the District of Columbia (SMU11000007072000001A), retrieved from FRED.