All Employees: Full-Service Restaurants in Rhode Island
SMU44000007072251101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.70
Year-over-Year Change
15.23%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees at full-service restaurants in the state of Rhode Island. It provides important insights into the health and activity of the local food 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: Full-Service Restaurants in Rhode Island data series tracks the monthly employment levels at restaurants that provide table service in this U.S. state. This metric is a key indicator of consumer demand and economic conditions in the region's hospitality sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the Rhode Island labor market and make informed decisions about economic policies and business strategies.
Key Facts
- Rhode Island has over 2,000 full-service restaurants.
- The state's food service industry employs more than 40,000 workers.
- Restaurant employment in Rhode Island peaked in July 2019 at 41,600 jobs.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees at full-service restaurants in the state of Rhode Island. It provides insights into the labor market and activity levels in the local hospitality industry.
Q: Why is this trend relevant for users or analysts?
A: The All Employees: Full-Service Restaurants in Rhode Island metric is an important indicator of consumer demand, business performance, and economic conditions in the state's food service sector.
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 trend to monitor the Rhode Island labor market and make informed decisions about economic policies and business strategies in the hospitality industry.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the release of this employment data, and the metrics may not capture all self-employed or informal workers in the restaurant industry.
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Citation
U.S. Federal Reserve, All Employees: Full-Service Restaurants in Rhode Island (SMU44000007072251101A), retrieved from FRED.