All Employees: Accommodation in Illinois
SMU17000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.50
Year-over-Year Change
-4.71%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Accommodation in Illinois' trend measures the total number of employees in the accommodation industry within the state of Illinois. This data is important for economists and policymakers to understand the health and trends of the local hospitality 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
This series tracks the total number of people employed in the accommodation industry, which includes hotels, motels, and other lodging establishments, in the state of Illinois. It provides insight into the size and dynamics of this key part of the state's service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Accommodation employment is a useful indicator of tourism, business travel, and overall economic activity in Illinois.
Key Facts
- Illinois has over 200,000 accommodation employees.
- Accommodation jobs make up 4% of total employment in Illinois.
- Accommodation employment in Illinois has grown 12% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation industry, including hotels, motels, and other lodging establishments, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: Accommodation employment is an important indicator of tourism, business travel, and overall economic activity in Illinois, making it useful for economists, policymakers, and industry analysts.
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: Accommodation employment data is used by government agencies, economists, and industry groups to monitor the health of the hospitality sector and inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Illinois (SMU17000007072100001A), retrieved from FRED.