All Employees: Food Services and Drinking Places in Utah
SMU49000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.70
Year-over-Year Change
48.46%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Utah' trend measures the total employment in the food services and drinking places industry in the state of Utah. This data provides insight into the health and activity of a key sector of the state's economy.
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 economic indicator tracks the number of people employed in Utah's food services and drinking places industry, which includes restaurants, bars, cafes, and other establishments that serve food and beverages. It is an important measure of consumer demand and economic activity in the state.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Utah's service sector and consumer spending patterns.
Key Facts
- Utah's food services and drinking places industry employs over 140,000 people.
- Employment in this sector has grown by 25% in the past 5 years.
- The industry accounts for nearly 10% of total employment in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment in the food services and drinking places industry in the state of Utah, including restaurants, bars, and other food and beverage establishments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of a key sector of Utah's economy, reflecting consumer demand and spending patterns in the state.
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 assess the strength of Utah's service sector and consumer spending, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Utah (SMU49000007072200001A), retrieved from FRED.