All Employees: Drinking Places (Alcoholic Beverages) in Illinois
SMU17000007072240001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.20
Year-over-Year Change
40.93%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees working in drinking establishments that serve alcoholic beverages in the state of Illinois. It provides insight into the labor dynamics of the local hospitality industry.
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: Drinking Places (Alcoholic Beverages) in Illinois series tracks the monthly employment levels at bars, pubs, and other venues that primarily sell alcoholic drinks within the state. This metric is used by economists and policymakers to monitor the performance and underlying trends of Illinois' food service and hospitality sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched as an indicator of consumer spending and leisure activity patterns.
Key Facts
- Illinois has over 10,000 drinking establishments.
- Employment in this sector fluctuates seasonally.
- Drinking places make up about 1% of total nonfarm jobs in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in drinking establishments that serve alcoholic beverages in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor dynamics and performance of Illinois' hospitality and food service sectors, which are important indicators of consumer spending and leisure activity patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this employment trend as an indicator of consumer spending, leisure activity, and the overall performance of Illinois' hospitality industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Drinking Places (Alcoholic Beverages) in Illinois (SMU17000007072240001A), retrieved from FRED.