All Employees: Accommodation in South Carolina
This dataset tracks all employees: accommodation in south carolina over time.
Latest Value
32.30
Year-over-Year Change
14.95%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation industry in South Carolina. It provides insights into the state's tourism and 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 South Carolina metric tracks the employment levels in hotels, motels, and other lodging establishments across the state. This data is used by policymakers, analysts, and businesses to monitor the health and trends within the South Carolina tourism industry.
Methodology
The data is collected through monthly surveys of private businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding economic conditions and policy decisions related to the hospitality sector in South Carolina.
Key Facts
- South Carolina's accommodation industry employs over 100,000 workers.
- Tourism is a major driver of the state's economy, accounting for over $20 billion in annual revenue.
- Employment in South Carolina's accommodation sector 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 South Carolina, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the health and performance of South Carolina's tourism and hospitality sector, which is a significant driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this accommodation employment data to assess the strength of South Carolina's tourism industry and inform decisions related to economic development, taxation, and workforce policies.
Q: Are there update delays or limitations?
A: The accommodation employment data is released on a monthly basis with a typical lag of 1-2 months between the reference period and the publication date.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in South Carolina (SMU45000007072100001A), retrieved from FRED.