All Employees: Leisure and Hospitality: Accommodation in Montana
SMU30000007072100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.20
Year-over-Year Change
10.99%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the accommodation industry within the leisure and hospitality sector in Montana. It provides important 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 Montana data series tracks the employment levels in hotels, motels, and other lodging establishments across the state. This metric is closely watched by economists and policymakers to gauge the health and growth of Montana's tourism industry.
Methodology
The data is collected through monthly surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is utilized by government agencies, industry analysts, and businesses to monitor economic conditions and inform policy decisions related to the leisure and hospitality sector.
Key Facts
- Montana's accommodation industry employs over 20,000 people.
- The leisure and hospitality sector accounts for 10% of Montana's total employment.
- Accommodation employment in Montana has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation industry, such as hotels and motels, within Montana's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of Montana's tourism-dependent economy, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Government agencies and policymakers utilize this trend to monitor the health of Montana's leisure and hospitality industry, which informs decisions related to tourism promotion, infrastructure investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Montana (SMU30000007072100001), retrieved from FRED.