All Employees: Accommodation and Food Services in Nebraska
SMU31000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.70
Year-over-Year Change
15.83%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in Nebraska. It provides important insights into the state's labor market and consumer activity.
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 and Food Services in Nebraska series tracks the total employment in the accommodation and food services sector, which includes hotels, restaurants, bars, and other hospitality businesses. This data is a key indicator of consumer demand and economic health in the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, businesses, and economists to gauge Nebraska's economic conditions and consumer spending patterns.
Key Facts
- Nebraska's accommodation and food services sector employs over 110,000 workers.
- Employment in this industry grew by 3.5% in 2022 compared to the prior year.
- The hospitality sector accounts for nearly 10% of Nebraska's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation and food services industry in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer demand, business activity, and economic conditions in Nebraska's hospitality sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists closely monitor this trend to gauge Nebraska's economic performance and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Nebraska (SMU31000007072000001A), retrieved from FRED.