All Employees: Accommodation and Food Services in Maine
SMU23000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.70
Year-over-Year Change
12.01%
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 Maine. It provides insight into the labor market and economic activity in this important 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 Maine indicator tracks the total number of jobs in the accommodation and food services industry across the state. This data is used by economists and policymakers to analyze trends in the service economy and understand the overall health of Maine's labor market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can inform decisions around economic and workforce development policies in Maine's hospitality and tourism sectors.
Key Facts
- Maine's accommodation and food services sector employs over 60,000 workers.
- This industry accounts for 10% of total employment in the state.
- The sector has seen strong growth in recent years, driven by the tourism industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation and food services industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and performance of Maine's service economy, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform decisions around economic and workforce development policies in Maine's hospitality and tourism sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Maine (SMU23000007072000001A), retrieved from FRED.