All Employees: Limited-Service Eating Places in Wisconsin
SMU55000007072259001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.50
Year-over-Year Change
19.54%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in limited-service eating places, such as fast-food restaurants, in the state of Wisconsin. It provides important insights into the labor market and consumer spending patterns in this key economic 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: Limited-Service Eating Places in Wisconsin metric tracks employment levels at establishments that provide food services without full-service dining, such as fast-food restaurants, cafeterias, and snack bars. This data is a valuable indicator of economic activity and consumer demand in the state's food service industry.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Historical Context
This employment trend is closely watched by economists, policymakers, and industry analysts to assess the health of Wisconsin's service sector and broader economic conditions.
Key Facts
- Wisconsin has over 12,000 limited-service eating places.
- Employment in this sector accounts for 4% of the state's total non-farm jobs.
- Wages in limited-service eating places average $13.50 per hour in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in limited-service eating places, such as fast-food restaurants, within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides important insights into the health and consumer demand of Wisconsin's food service industry, which is a key component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments in Wisconsin.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this employment trend to assess the service sector and broader economic conditions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, All Employees: Limited-Service Eating Places in Wisconsin (SMU55000007072259001A), retrieved from FRED.