All Employees: Food Services and Drinking Places in the District of Columbia
SMU11000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.10
Year-over-Year Change
23.20%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in the District of Columbia' metric tracks employment in the food services and drinking places industry within the District of Columbia. This data point is closely watched by economists and policymakers as an indicator of economic activity and consumer confidence.
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 employment series measures the total number of workers in the food services and drinking places industry, which includes restaurants, bars, and other eateries, within the District of Columbia. It is an important economic indicator that can signal changes in consumer spending and the overall health of the local hospitality sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the strength of the District of Columbia's economy and consumer demand.
Key Facts
- The food services and drinking places industry employs over 75,000 workers in the District of Columbia.
- Employment in this sector has grown by 15% over the past 5 years.
- The District of Columbia has the highest concentration of food service jobs of any U.S. state or territory.
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 within the District of Columbia, including restaurants, bars, and other eateries.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer spending, economic activity, and the strength of the local hospitality sector in the District of Columbia.
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: Economists and policymakers use this data to assess the overall health of the District of Columbia's economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay. There may be sampling and seasonal adjustment limitations inherent to establishment surveys.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in the District of Columbia (SMU11000007072200001A), retrieved from FRED.