All Employees: Leisure and Hospitality in Mississippi
SMU28000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.60
Year-over-Year Change
11.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in Mississippi' trend measures the total number of employees in the leisure and hospitality sector in the state of Mississippi. This metric is a key indicator of economic activity and consumer demand in the state's service 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
This series tracks total employment in Mississippi's leisure and hospitality sector, which includes industries like hotels, restaurants, arts, entertainment, and recreation. It provides insight into the strength of the state's service economy and consumer spending patterns.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the health of Mississippi's tourism and consumer-facing industries.
Key Facts
- Mississippi's leisure and hospitality sector employs over 150,000 workers.
- Employment in this sector fell sharply during the COVID-19 pandemic but has since rebounded.
- The leisure and hospitality industry accounts for nearly 15% of Mississippi's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in Mississippi's leisure and hospitality sector, including hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Mississippi's service-based economy and consumer spending patterns, which are important indicators for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 trend to gauge the health of Mississippi's tourism and consumer-facing industries, which inform decisions around economic development, taxation, and regulation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Mississippi (SMU28000007000000001A), retrieved from FRED.