All Employees: Leisure and Hospitality in Oregon
SMU41000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
207.10
Year-over-Year Change
21.75%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Leisure and Hospitality in Oregon indicator tracks employment levels in Oregon's leisure and hospitality industries, providing insights into the economic health of the state's service 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
This series measures the total number of employees in Oregon's leisure and hospitality industries, which includes businesses such as hotels, restaurants, bars, and entertainment venues. It is a key economic indicator for monitoring the state's service-based industries and consumer-facing businesses.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this indicator to assess the performance of Oregon's service economy and consumer demand.
Key Facts
- Oregon's leisure and hospitality sector employs over 200,000 workers.
- The industry experienced significant job losses during the COVID-19 pandemic.
- Leisure and hospitality is a key driver of Oregon's economy, accounting for 10% of total state employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in Oregon's leisure and hospitality industries, including hotels, restaurants, bars, and entertainment venues.
Q: Why is this trend relevant for users or analysts?
A: The leisure and hospitality sector is a crucial component of Oregon's economy, and this indicator provides insights into the health and performance of the state's service-based industries and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the performance of Oregon's service economy and consumer demand, which can inform economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in Oregon (SMU41000007000000001A), retrieved from FRED.