All Employees: Leisure and Hospitality: Food Services and Drinking Places in Montana
SMU30000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.97
Year-over-Year Change
0.60%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically in food services and drinking places, for the state of Montana. It provides insights into the health and activity of the state's service industry.
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 Montana data series tracks the monthly employment levels in this key economic sector. It serves as an indicator of consumer demand, business operations, and economic conditions within Montana's leisure and hospitality industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge the performance of Montana's service economy.
Key Facts
- Montana's food services and drinking places employ over 40,000 workers.
- This sector accounts for approximately 8% of the state's total nonfarm employment.
- Employment in this industry has fluctuated with economic conditions and the impact of the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in food services and drinking places, for the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of Montana's service industry, which is a key component of the state's economy.
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: This trend is closely watched by policymakers, industry analysts, and investors to gauge the performance of Montana's service economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with occasional delays due to the survey process.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Montana (SMU30000007072200001SA), retrieved from FRED.