All Employees: Leisure and Hospitality: Accommodation in Maine
SMU23000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.64
Year-over-Year Change
-5.53%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the accommodation industry within the leisure and hospitality sector in Maine. It is a key indicator of economic activity and consumer demand in the state's tourism and travel industries.
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: Leisure and Hospitality: Accommodation in Maine series tracks the number of people employed in hotels, motels, and other accommodation providers across the state. This data is widely used by economists, policymakers, and industry analysts to assess the health and outlook of Maine's tourism economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend provides important insights into consumer spending patterns and business investment in Maine's hospitality sector.
Key Facts
- Maine's accommodation industry employs over 20,000 workers.
- Leisure and hospitality is the 3rd largest sector of Maine's economy.
- Accommodation employment has grown by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accommodation industry, which includes hotels, motels, and other lodging providers, within Maine's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the performance and outlook of Maine's tourism economy, as the accommodation industry is a key component of travel and leisure activities in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment data to inform decisions and forecasts related to tourism, consumer spending, and business investment in Maine.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Maine (SMU23000007072100001SA), retrieved from FRED.