All Employees: Food Services and Drinking Places in Arkansas
SMU05000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.60
Year-over-Year Change
26.03%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of all employees in the food services and drinking places industry in Arkansas. It is an important indicator of consumer spending and the strength of the local service 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 All Employees: Food Services and Drinking Places in Arkansas data series tracks the total employment levels in the food service and drinking establishment sector within the state. This metric offers insights into consumer demand, labor market conditions, and broader economic activity.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to gauge consumer confidence and make informed decisions about investment, hiring, and economic policy.
Key Facts
- Arkansas has over 10,000 food service and drinking establishments.
- The food services sector accounts for over 120,000 jobs in the state.
- Employment in this industry has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the food services and drinking places industry within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns, labor market conditions, and the overall strength of the service economy in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected through monthly establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge consumer confidence, make informed decisions about economic policy, and forecast broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Arkansas (SMU05000007072200001A), retrieved from FRED.