All Employees: Leisure and Hospitality: Food Services and Drinking Places in Arkansas
SMU05000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.13
Year-over-Year Change
5.34%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment in the food services and drinking places industry within the leisure and hospitality sector in Arkansas. It provides insight into the state's service-sector labor market and consumer demand.
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 individuals employed in restaurants, bars, and other food and beverage establishments in the state. This metric serves as an indicator of consumer spending patterns and the health of the local service economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the strength of Arkansas' service industry and consumer confidence.
Key Facts
- Arkansas' food services and drinking places employed over 100,000 workers as of 2022.
- This industry accounts for approximately 4% of total nonfarm employment in the state.
- Employment in the sector has rebounded to pre-pandemic levels after initial COVID-19 declines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the food services and drinking places industry, which is part of the broader leisure and hospitality sector, within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the health of Arkansas' service economy, which is important for policymakers and economists monitoring the state's economic conditions.
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: Policymakers and analysts use this trend to monitor the strength of Arkansas' service industry and consumer confidence, which can inform decisions related to economic development and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly 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 (SMU05000007072200001SA), retrieved from FRED.