All Employees: Food Services and Drinking Places in Wisconsin
SMU55000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211.90
Year-over-Year Change
10.88%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Wisconsin' series measures employment in the food services and drinking establishments sector within the state of Wisconsin. This metric provides insight into the health and dynamics of the state's hospitality 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
This economic indicator tracks the total number of employees in Wisconsin's food services and drinking places, which includes restaurants, bars, and other venues that serve food and beverages. It serves as a proxy for consumer spending and confidence in the leisure and hospitality sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this indicator to assess the strength of Wisconsin's service-sector economy and consumer-driven industries.
Key Facts
- Wisconsin's food services and drinking places employ over 210,000 workers.
- Employment in this sector has grown by over 15% in the past decade.
- The industry accounts for nearly 8% of Wisconsin's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees in Wisconsin's food services and drinking places, including restaurants, bars, and other hospitality venues.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and dynamics of Wisconsin's hospitality industry, which is a key driver of consumer spending and economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the strength of Wisconsin's service-sector economy and consumer-driven industries, which informs economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a short lag time between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Wisconsin (SMU55000007072200001A), retrieved from FRED.