All Employees: Food Services and Drinking Places in Alabama
SMU01000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.20
Year-over-Year Change
18.90%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Alabama' trend measures employment in the food services and drinking places industry in the state of Alabama. This data provides important insights into the economic health and labor market conditions of Alabama'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
This economic indicator tracks the total number of employees, both full-time and part-time, working in food services and drinking establishments located within the state of Alabama. It serves as a real-time barometer of activity and demand in the state's dining, entertainment, and hospitality industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of Alabama's consumer-facing sectors and gauge broader economic trends.
Key Facts
- Alabama has over 16,000 food service and drinking establishments.
- The food services industry accounts for over 10% of total employment in the state.
- Employment in this sector has rebounded strongly following the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees, both full-time and part-time, working in food services and drinking establishments located within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic health and labor market conditions of Alabama's hospitality sector, which is a significant driver of the state's 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: Policymakers and analysts use this metric to assess the strength of Alabama's consumer-facing sectors and gauge broader economic trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Alabama (SMU01000007072200001A), retrieved from FRED.