Accommodation and Food Services Earnings in Wyoming
This dataset tracks accommodation and food services earnings in wyoming over time.
Latest Value
1380654.00
Year-over-Year Change
3.52%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Earnings in Wyoming trend measures average weekly earnings for employees in the state's accommodation and food services sector. This metric provides insight into labor market conditions and spending patterns in a key service industry.
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 and Food Services Earnings in Wyoming series tracks the average weekly wages of workers in hotels, restaurants, bars, and other hospitality establishments across the state. This data is used by economists and policymakers to assess the economic health of Wyoming's tourism and service sectors.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Accommodation and food services earnings are an important barometer for consumer spending and the overall strength of the Wyoming economy.
Key Facts
- Wyoming's accommodation and food services sector employs over 40,000 workers.
- Average weekly earnings in this industry are about 60% of the statewide average wage.
- Earnings grew by 3.2% in Wyoming over the past year.
FAQs
Q: What does this economic trend measure?
A: The Accommodation and Food Services Earnings in Wyoming trend tracks the average weekly wages of workers employed in hotels, restaurants, and other hospitality businesses across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and consumer spending patterns in a key service industry, making it an important barometer for the overall strength of Wyoming's economy.
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: Accommodation and food services earnings are closely monitored by economists and policymakers as an indicator of consumer activity and the health of Wyoming's tourism-dependent economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Earnings in Wyoming (WYEACC), retrieved from FRED.