All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in Pennsylvania
SMU42000007072250001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
379.10
Year-over-Year Change
3.30%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend tracks employment in the restaurant and dining sector in Pennsylvania, providing insights into the state's leisure and hospitality 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: Restaurants and Other Eating Places in Pennsylvania' series measures the number of people employed in Pennsylvania's restaurant and dining establishments, which are a key component of the state's leisure and hospitality sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to gauge the health of Pennsylvania's service-based economy.
Key Facts
- Pennsylvania has over 25,000 eating and drinking establishments.
- The restaurant industry employs over 550,000 people in the state.
- Restaurants account for nearly 60% of Pennsylvania's leisure and hospitality sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in Pennsylvania's restaurant and dining establishments, which are a key component of the state's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Pennsylvania's service-based economy, as the restaurant and dining industry is a major employer and economic driver in the state.
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: Economists and policymakers use this trend to gauge the strength of Pennsylvania's leisure and hospitality sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Restaurants and Other Eating Places in Pennsylvania (SMU42000007072250001), retrieved from FRED.