All Employees: Leisure and Hospitality: Food Services and Drinking Places in Arkansas
SMU05000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.40
Year-over-Year Change
5.39%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the food services and drinking places industry in Arkansas, which is a key indicator of consumer spending and economic activity in the leisure and 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: Leisure and Hospitality: Food Services and Drinking Places in Arkansas series tracks the number of people employed in restaurants, bars, and other food and beverage establishments across the state. This metric provides insight into consumer demand and the overall health of Arkansas's service industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess consumer confidence and make informed decisions about fiscal and monetary policy.
Key Facts
- Arkansas has over 100,000 employees in food services and drinking places.
- This industry accounts for nearly 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 trend measures the number of people employed in the food services and drinking places industry in Arkansas, which includes restaurants, bars, and other food and beverage establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of Arkansas's leisure and hospitality sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess consumer confidence and make informed decisions about fiscal and monetary policy in Arkansas.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Arkansas (SMU05000007072200001), retrieved from FRED.