All Employees: Accommodation in Mississippi
SMU28000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.30
Year-over-Year Change
-19.80%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the total number of employees in the accommodation industry in Mississippi. It provides insights into the state's tourism and hospitality sectors.
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 in Mississippi metric tracks the total employment in the accommodation industry, which includes hotels, motels, and other lodging facilities. This data is widely used by economists and policymakers to gauge the health and trends of Mississippi's tourism and hospitality sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend helps inform decisions related to tourism, economic development, and workforce planning in Mississippi.
Key Facts
- The accommodation industry employs over 20,000 people in Mississippi.
- Employment in this sector has grown by 5% over the past 5 years.
- Accommodation is a key driver of Mississippi's economy, contributing over $2 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation industry in the state of Mississippi, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and trends of Mississippi's tourism and hospitality sectors, which are critical components 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: Monitoring this trend helps inform decisions related to tourism, economic development, and workforce planning in Mississippi.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Mississippi (SMU28000007072100001A), retrieved from FRED.