All Employees: Leisure and Hospitality: Food Services and Drinking Places in Maine
SMU23000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.20
Year-over-Year Change
0.55%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment levels in the food services and drinking places sector within the leisure and hospitality industry in Maine. It provides insights into the strength and resilience of this important component of the state's economy.
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: Leisure and Hospitality: Food Services and Drinking Places in Maine series tracks the number of individuals employed in restaurants, bars, and other food and beverage establishments across the state. This data point is closely monitored by economists and policymakers to understand consumer demand, labor market dynamics, and the overall health of Maine's service industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing the impact of economic conditions, policy changes, and consumer behavior on Maine's food service and hospitality sector.
Key Facts
- Maine's food services and drinking places employ over 60,000 workers.
- The sector accounts for approximately 10% of the state's total nonfarm employment.
- Employment in this industry is highly sensitive to economic conditions and seasonal fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals employed in the food services and drinking places sector within the leisure and hospitality industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength and resilience of an important component of Maine's economy, allowing for analysis of consumer demand, labor market dynamics, and the overall health of the state's service industry.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the impact of economic conditions, policy changes, and consumer behavior on Maine's food service and hospitality sector, which is a crucial part of the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Labor Statistics, which may result in slight delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Maine (SMU23000007072200001), retrieved from FRED.