All Employees: Leisure and Hospitality: Drinking Places (Alcoholic Beverages) in Illinois
SMU17000007072240001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.04
Year-over-Year Change
-0.82%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'All Employees: Leisure and Hospitality: Drinking Places (Alcoholic Beverages) in Illinois' trend measures the number of employees in drinking establishments in the leisure and hospitality industry in Illinois. It is an important indicator of economic activity and consumer demand in the state's service 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 series tracks the total number of employees working in drinking places, such as bars and lounges, that are part of the leisure and hospitality industry in Illinois. It provides insights into the health and performance of this segment of the state's service economy.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the broader economic conditions and consumer trends in Illinois.
Key Facts
- Illinois has over 16,000 drinking establishments.
- Employment in this sector accounts for 3.5% of total jobs in the state.
- Drinking place jobs have grown by 8% in Illinois over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in drinking establishments, such as bars and lounges, that are part of the leisure and hospitality industry in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of the drinking establishment segment of Illinois' service economy, which is an important indicator of consumer demand and broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader economic conditions and consumer trends in Illinois.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Drinking Places (Alcoholic Beverages) in Illinois (SMU17000007072240001SA), retrieved from FRED.