All Employees: Food Services and Drinking Places in North Carolina
SMU37000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412.20
Year-over-Year Change
29.75%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of all employees in the food services and drinking places industry in North Carolina. It provides important insights into the health and activity of the state'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
The All Employees: Food Services and Drinking Places in North Carolina metric tracks the total number of persons on nonfarm payrolls in establishments that prepare meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption. This data point is a key indicator of economic conditions and consumer demand in the state.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the strength of North Carolina's service economy and consumer spending patterns.
Key Facts
- North Carolina has over 15,000 food service and drinking establishments.
- The food services and drinking places industry employs over 400,000 people in the state.
- This sector accounts for nearly 10% of North Carolina's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees in the food services and drinking places industry in North Carolina. It provides insight into the state's hospitality and leisure sector.
Q: Why is this trend relevant for users or analysts?
A: The food services and drinking places industry is a key component of North Carolina's service economy. This data point helps policymakers and analysts understand consumer spending patterns and economic conditions in the state.
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 use this metric to gauge the strength of North Carolina's service economy and consumer spending patterns, which informs economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag. There may be seasonal adjustments and sampling limitations inherent to establishment surveys.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in North Carolina (SMU37000007072200001A), retrieved from FRED.