All Employees: Leisure and Hospitality: Limited-Service Restaurants and Other Eating Places in Rhode Island
SMU44000007072259001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.67
Year-over-Year Change
-5.06%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically in limited-service restaurants and other eating places located in Rhode Island. It provides insight into the state's food service industry and consumer spending patterns.
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: Limited-Service Restaurants and Other Eating Places in Rhode Island trend tracks the total employment in this key service industry, which is an important indicator of economic activity and consumer confidence in the state.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to assess the health of Rhode Island's food service and hospitality sectors.
Key Facts
- Rhode Island has over 6,000 employees in limited-service restaurants and other eating places.
- This sector accounts for more than 10% of the state's total private employment.
- Employment in this industry has rebounded strongly since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in limited-service restaurants and other eating places located in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Rhode Island's food service and hospitality industries, which are key drivers of the state's economy and consumer spending.
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: Policymakers, analysts, and businesses closely monitor this metric to assess the strength of Rhode Island's service sector and make informed decisions about economic policies and investments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Limited-Service Restaurants and Other Eating Places in Rhode Island (SMU44000007072259001SA), retrieved from FRED.