All Employees: Leisure and Hospitality in Ohio
SMU39000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
569.40
Year-over-Year Change
13.72%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality in Ohio' metric tracks the total number of employees in the leisure and hospitality industry within the state of Ohio. This data is a key indicator of economic activity and consumer demand.
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 series measures the total number of people employed in leisure and hospitality-related occupations across Ohio, including jobs in hotels, restaurants, arts, entertainment, and recreation. It provides important insights into the health and dynamics of Ohio's service-based economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of Ohio's consumer-facing industries and gauge broader economic conditions.
Key Facts
- Ohio's leisure and hospitality sector employs over 600,000 workers.
- This industry accounts for 10% of total nonfarm employment in the state.
- Employment in this sector has rebounded strongly since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in leisure and hospitality-related occupations across the state of Ohio, including jobs in hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and dynamics of Ohio's service-based economy, which is a key driver of economic activity and consumer demand in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of Ohio's consumer-facing industries and gauge broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
Related Trends
Real Gross Domestic Product: Warehousing and Storage (493) in Ohio
OHWARESTORRGSP
Electric Power Carbon Dioxide Emissions, Natural Gas for Ohio
EMISSCO2TOTVECNGOHA
Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Ohio
SMU39000003200000008
Residential Carbon Dioxide Emissions, All Fuels for Ohio
EMISSCO2TOTVRCTOOHA
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Ohio
OHRERENTLEANQGSP
Personal Consumption Expenditures: Total for Ohio
OHPCE
Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Ohio (SMU39000007000000001A), retrieved from FRED.