Average Weekly Earnings of All Employees: Leisure and Hospitality in Utah
SMU49000007000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509.23
Year-over-Year Change
-0.26%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Leisure and Hospitality in Utah tracks the average weekly earnings for workers in the leisure and hospitality sector in Utah. This metric provides insight into wage trends in a key industry for the state's economy.
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 average weekly earnings of all employees in the leisure and hospitality industry in Utah, which includes jobs in arts, entertainment, recreation, accommodation, and food services. It is a key indicator of economic conditions and consumer demand in the state.
Methodology
The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to gauge the strength of Utah's service sector and consumer spending habits.
Key Facts
- Utah's leisure and hospitality sector employs over 160,000 workers.
- Average weekly earnings in this sector have risen by 25% over the past 5 years.
- Wages in Utah's leisure and hospitality industry are below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the leisure and hospitality industry in the state of Utah, including jobs in arts, entertainment, recreation, accommodation, and food services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and consumer demand in a key service sector of Utah's economy, making it useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of Utah's service sector and consumer spending habits, which can inform decisions related to economic development, taxation, and other policy areas.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Utah (SMU49000007000000011), retrieved from FRED.