All Employees: Accommodation and Food Services in Oregon
SMU41000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.80
Year-over-Year Change
20.40%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in the state of Oregon. It provides important insights into the labor market and economic activity in this key 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
The All Employees: Accommodation and Food Services in Oregon series tracks the total number of individuals employed in the accommodation and food services industry across the state. This metric is a valuable indicator of consumer demand, business investment, and overall economic health in the region.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to gauge the strength of Oregon's service economy and make informed decisions.
Key Facts
- Oregon's accommodation and food services industry employs over 200,000 workers.
- This sector accounts for approximately 10% of total employment in the state.
- Employment in this industry has rebounded strongly following the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the accommodation and food services industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer demand, business investment, and the overall health of Oregon's service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to make informed decisions about the state's economic conditions and development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Oregon (SMU41000007072000001A), retrieved from FRED.