All Employees: Accommodation in Wisconsin
SMU55000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.60
Year-over-Year Change
1.32%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the accommodation industry in the state of Wisconsin. It provides insight into the strength and performance of the state's 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 Wisconsin metric measures the total number of people employed in the accommodation industry, which includes hotels, motels, and other lodging facilities across the state. This data point is closely watched by economists and policymakers to gauge the health of Wisconsin's tourism and travel-related economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in accommodation employment are used to inform economic and tourism policy decisions in Wisconsin.
Key Facts
- Wisconsin has over 1,800 accommodation establishments statewide.
- The accommodation industry employs over 40,000 workers in Wisconsin.
- Accommodation jobs make up around 2% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the accommodation industry in the state of Wisconsin, including hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched by economists and policymakers to gauge the health of Wisconsin's tourism and travel-related economy.
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: Trends in accommodation employment are used to inform economic and tourism policy decisions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Wisconsin (SMU55000007072100001A), retrieved from FRED.