The Bureau of Economic Analysis’s latest Economic Report on the U.S. economy includes an analysis of the sources of costs in the Accommodation and Food Services Industry Sub-Sector. The Bureau also calculates how much money is spent by each industry in other industries. The largest industry that purchases services from the Accommodation and Food Services Industry Sub-Sector is professional and business services. While the total number of employment in this sector is large, wage gaps still exist.
Job zones in the accommodation and food services industry
The accommodation and food services industry is a subset of the leisure and hospitality supersector. It includes establishments that provide lodging as well as food and beverage services. Both activities are often combined within the same establishment. The attached map shows the job zones in the Boston area by size. The data is compiled and analyzed by the Boston Research Division. By using the data, the Boston area is identified as a job zone for the accommodation and food services industry.
This industry employs approximately 50,000 people in the Boston area. During the past decade, the sector has enjoyed healthy job growth. Employment in the industry increased by approximately six percent, or about 4,500 jobs, in Boston. By 2010, the sector recovered all of the jobs lost during the recession. This data is based on the latest available annual DWD and BEA data. It does not include construction and demolition jobs.
The Accommodation and Food Services sector is part of the Leisure and Hospitality supersector. It has relatively low educational requirements, requiring more than 95% of jobs to require some college education, compared to only 58% of the overall Metro Boston labor force. Below are the projected occupations in this sector and their education requirements, as well as OJT requirements. Listed below …The Accommodation and Food Services Industry Sub-Sector of the Leisure and Hospitality Supersector Read More