All Employees: Leisure and Hospitality: Accommodation in Utah
SMU49000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.80
Year-over-Year Change
1.35%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of people employed in the accommodation industry in Utah, which is a key component of the leisure and hospitality sector. It provides insights into the state's tourism and service 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
The All Employees: Leisure and Hospitality: Accommodation in Utah metric tracks the employment levels in Utah's hotels, motels, and other lodging establishments. It is an important indicator of the state's tourism activity and the overall health of the service industry.
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 policymakers, economists, and industry analysts to assess the performance of Utah's tourism and service sectors.
Key Facts
- Utah's accommodation industry employs over 50,000 people.
- Accommodation jobs account for nearly 25% of Utah's leisure and hospitality sector.
- Employment in Utah's accommodation industry has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accommodation industry in the state of Utah, which includes hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance of Utah's tourism and service economy, which is a key driver of the state's economic growth.
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: Policymakers, economists, and industry analysts closely monitor this trend to assess the health of Utah's tourism and service sectors and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Utah (SMU49000007072100001SA), retrieved from FRED.