All Employees: Accommodation in North Carolina
SMU37000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.30
Year-over-Year Change
18.11%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Accommodation in North Carolina' trend measures the total number of employees in the accommodation industry within the state of North Carolina. This statistic is a key indicator of economic activity and consumer spending in the region.
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 data series tracks the total number of employees in the accommodation industry, which includes hotels, motels, and other lodging facilities located in North Carolina. Economists and policymakers use this information to assess the health of the state's tourism and hospitality sectors.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment are closely watched as a barometer of consumer demand and business investment.
Key Facts
- North Carolina is a major tourist destination in the Southeast U.S.
- The accommodation industry employs over 100,000 workers in the state.
- Accommodation jobs grew by 3.5% in North Carolina over the past year.
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 North Carolina, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation employment are closely watched as an indicator of consumer spending, tourism activity, and overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation employment is a key metric used by economists, policymakers, and industry analysts to assess the health of the tourism and hospitality sectors in North Carolina.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in North Carolina (SMU37000007072100001A), retrieved from FRED.