All Employees: Leisure and Hospitality: Accommodation in Minnesota
SMU27000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.87
Year-over-Year Change
-0.90%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector's accommodation industry in Minnesota. It provides insights into the state's tourism and service economy.
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 Minnesota series tracks the monthly employment levels of hotels, motels, and other accommodation providers in the state. This metric serves as an indicator of tourism activity and consumer demand for travel-related services.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this trend to gauge the health of Minnesota's hospitality industry and make informed decisions.
Key Facts
- Minnesota's accommodation industry employs over 47,000 workers.
- Leisure and hospitality is one of the largest private sectors in the state.
- Accommodation employment in Minnesota has grown by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector's accommodation industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of Minnesota's tourism and service economy, which is crucial for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to gauge the health of Minnesota's hospitality industry and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Minnesota (SMU27000007072100001SA), retrieved from FRED.