All Employees: Food Services and Drinking Places in Delaware
SMU10000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.20
Year-over-Year Change
22.12%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Delaware' trend measures the total number of employees in the food services and drinking places industry in the state of Delaware. This data provides insights into the health and activity of Delaware's hospitality and leisure 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 employment levels in Delaware's food services and drinking places, which includes restaurants, bars, and other establishments that prepare and serve food and beverages. It is a valuable gauge of consumer demand and economic conditions in the state.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, analysts, and businesses to assess the strength of Delaware's consumer-facing industries.
Key Facts
- Delaware has over 40,000 employees in food services and drinking places.
- This industry accounts for around 8% of total employment in the state.
- Employment in this sector has rebounded strongly since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food services and drinking places industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of Delaware's hospitality and leisure 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 surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, analysts, and businesses to assess the strength of Delaware's consumer-facing industries and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Delaware (SMU10000007072200001A), retrieved from FRED.