All Employees: Accommodation in Ohio
SMU39000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.30
Year-over-Year Change
2.39%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation industry in the state of Ohio. It provides insight into the health and activity of the state's 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
The All Employees: Accommodation in Ohio series tracks the total number of individuals employed in accommodation-related businesses, such as hotels, motels, and other lodging facilities, within the state of Ohio. This metric is used by economists and policymakers to gauge the performance and growth of Ohio's tourism and travel industries.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment are closely watched as an indicator of consumer spending and economic activity.
Key Facts
- Ohio's accommodation industry employs over 100,000 workers.
- Accommodation jobs account for 2.5% of total non-farm employment in Ohio.
- Accommodation employment in Ohio has grown by 15% over the past decade.
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 Ohio, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: Tracking accommodation employment is important for understanding the health and activity of Ohio's tourism and hospitality sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation employment is closely monitored by economists and policymakers as an indicator of consumer spending, travel, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Ohio (SMU39000007072100001A), retrieved from FRED.