All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Minnesota
Annual
SMU27000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.20
Year-over-Year Change
27.13%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in private employment for the Dallas-Fort Worth-Arlington, TX metropolitan statistical area. This key economic indicator provides insights into the regional labor market and overall economic conditions.
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 Annual series tracks the annual percent change in total private employment in the Dallas-Fort Worth-Arlington metropolitan area. This metric is widely used by economists, policymakers, and analysts to assess the strength and trajectory of the local economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend informs economic and workforce development decisions by local governments and businesses.
Key Facts
- The Dallas-Fort Worth-Arlington metro area has a population of over 7.5 million.
- Private sector employment accounts for over 80% of total employment in the region.
- The Annual trend has shown consistent year-over-year growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total private employment for the Dallas-Fort Worth-Arlington, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insights into the strength and trajectory of the regional labor market, which is a key indicator of overall economic conditions in the Dallas-Fort Worth metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend informs economic and workforce development decisions by local governments and businesses in the Dallas-Fort Worth region.
Q: Are there update delays or limitations?
A: The Annual data is published with a lag of several months, but it provides a comprehensive picture of long-term employment trends in the metropolitan area.
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Citation
U.S. Federal Reserve, Annual (SMU27000007071000001A), retrieved from FRED.