Annual
SMU53000003232004601A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-7.56%
Date Range
1/1/1990 - 1/1/2015
Summary
The Annual trend measures the average annual pay for all employees in the Leisure and Hospitality sector in the United States. It is a key economic indicator for monitoring labor market conditions and industry-specific wage trends.
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 Annual trend provides insights into compensation levels and trends in the Leisure and Hospitality sector, which includes industries such as accommodation, food services, arts, entertainment, and recreation. This metric is widely used by economists, policymakers, and industry analysts to assess the overall health and competitiveness of the labor market.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend helps inform policy decisions and market analysis related to employment, consumer spending, and economic growth.
Key Facts
- The Leisure and Hospitality sector accounts for over 17 million jobs in the U.S.
- Average annual pay in this sector was $25,978 as of the latest data.
- The Annual trend has shown steady increases in recent years, reflecting a tightening labor market.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual pay for all employees in the Leisure and Hospitality sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and industry analysts to assess the overall health and competitiveness of the labor market, as well as to inform policy decisions and market analysis related to employment, consumer spending, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend helps inform policy decisions and market analysis related to employment, consumer spending, and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Annual (SMU53000003232004601A), retrieved from FRED.