All Employees: Retail Trade: Food and Beverage Stores in Maine
SMU23000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.90
Year-over-Year Change
15.03%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade food and beverage stores sector in the state of Maine. It is an important indicator of economic activity and consumer spending in the state.
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 Maine metric tracks the employment levels in this key industry, providing insights into consumer demand, labor market conditions, and the overall health of Maine's retail economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, market analysts, and economists to assess the strength of Maine's consumer sector and make informed decisions.
Key Facts
- Maine has over 14,000 retail trade employees in food and beverage stores.
- This sector accounts for approximately 20% of Maine's total retail trade employment.
- Employment in Maine's food and beverage stores has grown by 5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade food and beverage stores sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand, labor market conditions, and the overall health of Maine's retail economy, making it a key indicator for policymakers, market analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, who use it to assess the strength of Maine's consumer sector and make informed decisions about economic policy and stimulus measures.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Maine (SMU23000004244500001A), retrieved from FRED.