All Employees: Food Services and Drinking Places in Ohio
SMU39000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
447.80
Year-over-Year Change
12.17%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Food Services and Drinking Places in Ohio metric tracks employment levels in the food service and bar industry within Ohio. This key indicator provides insight into the health and consumer demand of the state's hospitality 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
This economic series measures the number of employees working in food services and drinking establishments across Ohio. It offers a granular view of the state's hospitality industry, which is an important component of the overall service economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers closely monitor this employment trend to gauge consumer spending patterns and the broader economic conditions in Ohio.
Key Facts
- Ohio has over 23,000 food service and drinking establishments.
- Food service jobs account for 10% of Ohio's total employment.
- Employment in this sector fluctuates seasonally with consumer demand.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of people employed in Ohio's food services and drinking places, such as restaurants, bars, and catering businesses.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into consumer spending patterns and the overall health of Ohio's hospitality industry, which is a significant component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 monitor this indicator to assess consumer demand, gauge business confidence, and inform decisions related to economic stimulus or support for the hospitality sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Ohio (SMU39000007072200001A), retrieved from FRED.