All Employees: Accommodation and Food Services in North Carolina
SMU37000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
458.60
Year-over-Year Change
28.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the accommodation and food services industry in North Carolina. It provides valuable insights into the health and performance of a key sector of the state's 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: Accommodation and Food Services in North Carolina indicator measures the total employment in the accommodation and food services industry across the state. This metric is used by economists and policymakers to assess the strength of the tourism and hospitality sectors and their contribution to overall economic activity.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this employment trend are closely watched by state and local governments, as the accommodation and food services industry is a major driver of economic growth and tax revenue.
Key Facts
- North Carolina is a popular tourist destination, attracting millions of visitors annually.
- The accommodation and food services sector employs over 500,000 people in the state.
- This industry accounts for more than 10% of North Carolina's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the accommodation and food services industry across the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: The accommodation and food services sector is a major driver of economic activity in North Carolina, and changes in employment in this industry provide insights into the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local governments closely monitor this employment trend as it is a key indicator of the performance of the tourism and hospitality sectors, which are important sources of economic growth and tax revenue.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months between the reference period and the publication of the latest figures.
Related Trends
Average Weekly Earnings of All Employees: Private Service Providing in North Carolina
SMU37000000800000011A
Average Weekly Earnings of All Employees: Goods Producing in North Carolina
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Gross Domestic Product: Accommodation (721) in North Carolina
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Estimated Percent of Related Children Age 5-17 in Families in Poverty for North Carolina
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in North Carolina (SMU37000007072000001A), retrieved from FRED.