Accommodation Payroll Employment in Texas
This dataset tracks accommodation payroll employment in texas over time.
Latest Value
-2.97
Year-over-Year Change
-130.09%
Date Range
2/1/1990 - 6/1/2025
Summary
The Accommodation Payroll Employment in Texas metric tracks the number of jobs in the accommodation industry within the state of Texas. This statistic is important for economists and policymakers to understand trends in the hospitality sector and its contribution to the overall state 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 Accommodation Payroll Employment in Texas series measures the total number of jobs in the accommodation industry, such as hotels and motels, within the state of Texas. This data is used to analyze the health and growth of the hospitality sector and its role in the broader state economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Accommodation employment figures are closely watched by economic analysts and policymakers to assess the tourism and travel industry in Texas.
Key Facts
- Texas is the second-largest state economy in the U.S.
- The accommodation industry employs over 300,000 workers in Texas.
- Accommodation payroll has grown by 10% in Texas over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Accommodation Payroll Employment in Texas metric tracks the number of jobs in the accommodation industry, such as hotels and motels, within the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health and growth of the hospitality sector and its contribution to the overall Texas economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Accommodation employment figures are closely watched by economic analysts and policymakers to assess the tourism and travel industry in Texas.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Accommodation Payroll Employment in Texas (TX70721000M158FRBDAL), retrieved from FRED.