All Employees: Leisure and Hospitality: Accommodation and Food Services in South Carolina
SMU45000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263.90
Year-over-Year Change
4.68%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of South Carolina. It provides important insights into the strength and recovery of this key economic 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: Leisure and Hospitality: Accommodation and Food Services in South Carolina data series tracks employment levels in this pivotal industry, which includes hotels, restaurants, bars, and other hospitality businesses. This metric is widely used by economists and policymakers to gauge the overall health of the state's tourism and service economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and local governments, as well as industry groups, to inform economic development strategies and policy decisions.
Key Facts
- South Carolina's leisure and hospitality sector accounts for over 10% of the state's total employment.
- The accommodation and food services industry is the largest component of the leisure and hospitality sector in the state.
- Employment in this sector is highly sensitive to economic conditions and can serve as an early indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to gauge the overall health of the state's tourism and service economy, as the leisure and hospitality sector is a key driver of economic activity and employment.
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: This trend is closely monitored by state and local governments, as well as industry groups, to inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insights into the state's leisure and hospitality sector.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in South Carolina (SMU45000007072000001), retrieved from FRED.