All Employees: Full-Service Restaurants in Pennsylvania
SMU42000007072251101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184.90
Year-over-Year Change
0.65%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees at full-service restaurants in the state of Pennsylvania. It is an important indicator of the strength and recovery of the restaurant industry in the state.
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: Full-Service Restaurants in Pennsylvania series tracks the total number of employees working at dine-in restaurants across the state. This metric provides insight into the health and labor dynamics of Pennsylvania's restaurant sector, which is a key part of the state's economy.
Methodology
The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the economic conditions and consumer spending patterns in Pennsylvania.
Key Facts
- Pennsylvania has over 20,000 full-service restaurants.
- Restaurant employment accounts for 10% of the state's total jobs.
- This trend has recovered to pre-pandemic levels as of 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working at full-service restaurants across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and labor dynamics of Pennsylvania's restaurant industry, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess economic conditions and consumer spending patterns in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Full-Service Restaurants in Pennsylvania (SMU42000007072251101A), retrieved from FRED.