All Employees: Food Services and Drinking Places in Rhode Island
SMU44000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.60
Year-over-Year Change
14.29%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Rhode Island' metric tracks employment in the food service and hospitality industry in the state of Rhode Island. This data point is a key economic indicator for the local service 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
This series measures the total number of employees in the food services and drinking places industry within Rhode Island. It provides insight into the health and activity of the state's hospitality and leisure sectors, which are important components of the overall economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the strength of consumer spending and the broader service industry in Rhode Island.
Key Facts
- Rhode Island has over 47,000 food service and drinking place employees.
- The food service industry accounts for 10% of total employment in the state.
- Employment in this sector has rebounded to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees working in the food services and drinking places industry within the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: The food service and hospitality sector is a key part of Rhode Island's economy, so this data provides insight into consumer spending patterns and the overall health of the service industry in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this data to assess the strength of consumer spending and the broader service industry in Rhode Island, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Rhode Island (SMU44000007072200001A), retrieved from FRED.