All Employees: Accommodation in Maine
SMU23000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
12.07%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Accommodation in Maine' metric tracks the total number of employees in the accommodation industry within the state of Maine. This data provides insight into the health and activity of Maine's tourism and hospitality sectors.
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 measures the number of workers employed in Maine's accommodation industry, which includes hotels, motels, inns, and other lodging facilities. It is a key indicator of economic conditions and trends in the state's travel and tourism markets.
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 metric to assess the performance and outlook of Maine's tourism-dependent economy.
Key Facts
- Maine's accommodation industry employs over 20,000 workers.
- Employment in this sector has grown by 10% over the past 5 years.
- Accommodation jobs make up 5% of total employment in Maine.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in Maine's accommodation industry, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: The accommodation employment data provides insights into the health and performance of Maine's tourism-dependent economy.
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 metric to assess the outlook and dynamics of Maine's travel and hospitality sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
Related Trends
Number of Identified Exporters to Norway from Maine
MENORA475SCEN
Gross Domestic Product: State and Local in Maine
MEGOVSLNGSP
Per Capita Personal Consumption Expenditures: Goods for Maine
MEPCEPCG
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Maine
PPCILBU18ME23000A156NCEN
Imports of Goods: Manufactured Commodities for Maine
IMPMANME
Poverty Universe, All Ages for Maine
PUAAME23000A647NCEN
Citation
U.S. Federal Reserve, All Employees: Accommodation in Maine (SMU23000007072100001A), retrieved from FRED.