All Employees: Full-Service Restaurants in the District of Columbia
SMU11000007072251101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.70
Year-over-Year Change
28.57%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Full-Service Restaurants in the District of Columbia' economic trend measures employment in the full-service restaurant industry in Washington, D.C. This data helps economists and policymakers assess the health of the local hospitality 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 the total number of employees at full-service restaurants located within the District of Columbia. It provides insights into the strength of the Washington, D.C. food service and hospitality industry, which is a key part of the local economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists, investors, and policymakers to understand consumer spending patterns and the broader service industry in the nation's capital.
Key Facts
- Washington, D.C. has over 2,000 restaurants and bars.
- Full-service restaurants account for nearly half of all eating and drinking establishments in the District.
- The restaurant industry employs over 50,000 people in the nation's capital.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees at full-service restaurants located within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength of the Washington, D.C. food service and hospitality industry, which is a key part of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, investors, and policymakers to understand consumer spending patterns and the broader service industry in the nation's capital.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, All Employees: Full-Service Restaurants in the District of Columbia (SMU11000007072251101A), retrieved from FRED.