All Employees: Food Services and Drinking Places in Indiana
SMU18000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
246.40
Year-over-Year Change
10.69%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Indiana' trend measures the total employment in the food services and drinking places industry in the state of Indiana. This data provides insight into the health and activity of Indiana's hospitality and leisure 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 in the food services and drinking places industry in Indiana. It is a key measure of economic activity and consumer demand in the state's hospitality and leisure sectors, which are important contributors to Indiana's overall economic output.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the health of Indiana's service-based economy and consumer spending patterns.
Key Facts
- Indiana has over 200,000 employees in the food services and drinking places industry.
- This sector accounts for nearly 7% of total employment in the state.
- Food service employment in Indiana has grown by over 20% in the past decade.
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 in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and activity of Indiana's hospitality and leisure sector, which is an important contributor to the state's overall economic output.
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: Policymakers and analysts use this trend to monitor the health of Indiana's service-based economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Indiana (SMU18000007072200001A), retrieved from FRED.