All Employees: Leisure and Hospitality: Accommodation in Virginia
SMU51000007072100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.97
Year-over-Year Change
-0.33%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the accommodation industry in Virginia, a key component of the leisure and hospitality sector. It provides insight into the strength of the state's tourism and travel 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 Virginia series tracks monthly changes in the number of people employed at hotels, motels, and other accommodation establishments across the state. This metric is used by economists and policymakers to monitor the health of Virginia's hospitality industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment offer insights into consumer spending and economic activity related to tourism, travel, and business activities in Virginia.
Key Facts
- Virginia's accommodation industry employs over 100,000 workers.
- Accommodation employment fell sharply during the COVID-19 pandemic.
- The industry has seen a gradual recovery in jobs since mid-2020.
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 Virginia, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: Trends in accommodation employment provide insight into the health of Virginia's tourism and travel economy, which is an important driver of economic activity in the state.
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: Accommodation employment data is used by economists and policymakers to monitor the strength of Virginia's hospitality industry and inform decisions related to economic development, tourism promotion, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical one-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in Virginia (SMU51000007072100001SA), retrieved from FRED.