All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota
SMU27000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
202.00
Year-over-Year Change
-1.51%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures employment levels in the food services and drinking places industry in Minnesota, a key indicator of the state's leisure and 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
The All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota series tracks the number of people employed in this industry, providing insights into consumer demand, economic activity, and labor market conditions.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to gauge the health of Minnesota's service-based economy.
Key Facts
- Minnesota's food services and drinking places industry employs over 300,000 people.
- Employment in this sector has grown by 20% over the past decade.
- The industry accounts for nearly 10% of total employment in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the food services and drinking places industry in the state of Minnesota, which is a key component of the leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer demand, economic activity, and labor market conditions in Minnesota's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists closely monitor this trend to gauge the health of Minnesota's leisure and hospitality sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota (SMU27000007072200001), retrieved from FRED.