All Employees: Leisure and Hospitality: Food Services and Drinking Places in Virginia
SMU51000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311.80
Year-over-Year Change
-0.03%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality industry, specifically in food services and drinking places, within the state of Virginia. It provides insights into the labor market and consumer demand in a key sector of the Virginia 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: Leisure and Hospitality: Food Services and Drinking Places in Virginia indicator tracks employment levels in the food services and drinking places subsector of the leisure and hospitality industry for the state of Virginia. This data is used by economists and policymakers to monitor the health of the state's service-oriented businesses and consumer spending patterns.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic trend is relevant for understanding the economic conditions and recovery in Virginia's service sector, which is crucial for the state's overall economic performance.
Key Facts
- Virginia's food services and drinking places employ over 300,000 people.
- This sector experienced significant job losses during the COVID-19 pandemic.
- Employment in this industry is a key indicator of consumer confidence and spending in Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality industry, specifically in food services and drinking places, within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and consumer demand in a key sector of the Virginia economy, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic trend is relevant for understanding the economic conditions and recovery in Virginia's service sector, which is crucial for policymakers and analysts monitoring the state's economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Virginia (SMU51000007072200001), retrieved from FRED.