All Employees: Retail Trade: Food and Beverage Stores in Mississippi
SMU28000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.80
Year-over-Year Change
-3.78%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the retail trade sector for food and beverage stores in the state of Mississippi. It provides important insights into the health and performance of this key component 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
The All Employees: Retail Trade: Food and Beverage Stores in Mississippi series tracks the total employment in the retail trade subsector for food and beverage stores within the state. It is a crucial indicator of consumer demand, industry growth, and overall economic conditions in this sector.
Methodology
The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to gauge the strength of Mississippi's consumer-facing retail economy.
Key Facts
- Food and beverage stores account for over 20% of Mississippi's retail trade employment.
- Employment in this sector has grown by 5% in the past 3 years.
- Seasonal fluctuations are common, with peak employment around the holidays.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the retail trade sector for food and beverage stores located within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of a key component of Mississippi's consumer-facing retail economy, which is closely watched by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted 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, analysts, and businesses to gauge the strength of Mississippi's consumer-facing retail economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 1-2 months between the reference period and the publication of the statistics.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Mississippi (SMU28000004244500001A), retrieved from FRED.