All Employees: Accommodation and Food Services in Massachusetts
SMU25000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
298.50
Year-over-Year Change
8.15%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the accommodation and food services industry in Massachusetts. It provides valuable insights into the state's service sector and consumer spending patterns.
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 Massachusetts series tracks the total number of individuals employed in the accommodation and food services industry within the state. This metric is an important indicator of economic activity and consumer demand in the service sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of Massachusetts' hospitality and tourism industries.
Key Facts
- Massachusetts is a major tourist destination in the U.S.
- The accommodation and food services industry is a significant employer in the state.
- Employment in this sector is closely tied to consumer confidence and discretionary spending.
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 Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Massachusetts' hospitality and tourism sectors, which are important drivers of the state's 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, economists, and industry analysts use this trend to assess the state of Massachusetts' service sector and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of a few weeks from the end of the reference period.
Related Trends
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Massachusetts
MATRANGRNDTRANNGSP
Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Massachusetts
MAOTRANEQMANNGSP
All Employees: Government in Massachusetts
MAGOVT
Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts
MATRANSWARENGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Massachusetts
EMISSCO2CNGEIBMAA
Gross Domestic Product: Finance and Insurance (52) in Massachusetts
MAFININSNQGSP
Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Massachusetts (SMU25000007072000001A), retrieved from FRED.