All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in Minnesota
SMU27000007072250001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.70
Year-over-Year Change
-1.94%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in restaurants and other eating places 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: Restaurants and Other Eating Places in Minnesota series tracks the number of individuals employed in the state's dining and food service industry. This metric provides insight into consumer demand, business activity, and broader economic conditions.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, analysts, and businesses to assess the health of Minnesota's service economy.
Key Facts
- Minnesota's restaurant industry employs over 300,000 workers.
- Eating place jobs account for over 60% of the state's leisure and hospitality sector.
- Restaurant employment rebounded strongly after pandemic lockdowns in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals employed in restaurants and other dining establishments across Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, business activity, and the overall health of Minnesota's service 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 and analysts closely monitor this employment trend to assess the strength of Minnesota's service sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in Minnesota (SMU27000007072250001), retrieved from FRED.