All Employees: Retail Trade: Food and Beverage Stores in Washington
SMU53000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.90
Year-over-Year Change
15.97%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the food and beverage store industry in Washington. It provides insights into the strength and resilience of the retail 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
The All Employees: Retail Trade: Food and Beverage Stores in Washington metric tracks the total employment levels at food and beverage stores, such as grocery stores, convenience stores, and liquor stores, within the state of Washington. This data is used by economists and policymakers to monitor the health of the local retail industry.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding consumer spending patterns and the overall state of the Washington economy.
Key Facts
- Washington has over 60,000 food and beverage store employees.
- Employment in this sector has grown by 10% over the past 5 years.
- Food and beverage stores account for nearly 20% of total retail jobs in Washington.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the food and beverage store industry within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the strength and performance of the retail sector, which is a key component of the Washington economy.
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: Economists and policymakers use this employment data to monitor consumer spending patterns and the overall health of the retail industry in Washington.
Q: Are there update delays or limitations?
A: The 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: Retail Trade: Food and Beverage Stores in Washington (SMU53000004244500001A), retrieved from FRED.