All Employees: Special Food Services in the District of Columbia
SMU11000007072230001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.70
Year-over-Year Change
24.07%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total number of employees in the special food services industry in the District of Columbia. It provides insight into the state of the local food service sector and can inform economic policymaking.
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: Special Food Services in the District of Columbia metric tracks the monthly employment level in establishments primarily engaged in providing food services at locations, such as food service contractors and caterers. This data is a key indicator of activity and labor demand in the District's hospitality and food service industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in special food services employment can inform decisions around economic development, workforce planning, and support for the local hospitality sector.
Key Facts
- Special food services include catering and food service contractors.
- DC's special food services industry employs over 10,000 people.
- This metric is seasonally adjusted to account for annual trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the special food services industry in the District of Columbia, which includes catering and food service contractors.
Q: Why is this trend relevant for users or analysts?
A: Trends in special food services employment provide insight into the state of the local hospitality and food service sectors, which are important drivers of DC's economy.
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: Tracking special food services employment can inform decisions around economic development, workforce planning, and support for the local hospitality industry in the District of Columbia.
Q: Are there update delays or limitations?
A: This data is released monthly by the U.S. Federal Reserve and is seasonally adjusted to account for annual trends.
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Citation
U.S. Federal Reserve, All Employees: Special Food Services in the District of Columbia (SMU11000007072230001A), retrieved from FRED.