All Employees: Leisure and Hospitality: Accommodation in Montana
SMU30000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.55
Year-over-Year Change
12.78%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Leisure and Hospitality: Accommodation in Montana' series measures the number of employees in Montana's accommodation industry, which is a key component of the state's leisure and hospitality sector.
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 economic trend provides valuable insight into the health and growth of Montana's tourism and hospitality industry, which is a significant driver of the state's economy. Economists and policymakers use this data to analyze employment trends, workforce dynamics, and the overall economic impact of the accommodation sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and local governments, as well as industry stakeholders, to inform policy decisions and business strategies.
Key Facts
- Montana's accommodation industry employs over 15,000 workers.
- The accommodation sector accounts for 20% of the state's leisure and hospitality jobs.
- Employment in Montana's accommodation industry has grown by 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the accommodation industry within Montana's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of Montana's tourism and hospitality industry, which is a significant driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and local governments, as well as industry stakeholders, to inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-month lag, and may be subject to revision as more information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Real Estate (531) in Montana
MTREALQGSP
Gross Domestic Product: Private Industries in Montana
MTPINQGSP
Housing Inventory: Price Reduced Count in Montana
PRIREDCOUMT
Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Montana
MTPUBINDRGSP
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Montana
QTAXT19QTAXCAT3MTNO
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana
MTFININSREALRGSP
Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Montana (SMU30000007072100001SA), retrieved from FRED.