All Employees: Retail Trade: Food and Beverage Stores in Alabama
SMU01000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
18.27%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the food and beverage stores sector of the retail trade industry in Alabama. It is a key indicator of economic activity and consumer demand in this important 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: Retail Trade: Food and Beverage Stores in Alabama metric tracks the employment levels of businesses that sell food, beverages, and other consumable goods at the retail level within the state. This data point is widely used by economists and policymakers to gauge the health of Alabama's consumer-facing retail economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer spending patterns, inflationary pressures, and the overall strength of Alabama's retail trade industry.
Key Facts
- Alabama has over 23,000 food and beverage stores.
- Retail trade accounts for 11% of Alabama's total employment.
- Food and beverage store jobs make up 38% of Alabama's retail trade employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the food and beverage stores sector of Alabama's retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of consumer demand, spending, and the overall health of Alabama's retail 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 use this metric to assess consumer spending patterns, inflationary pressures, and the strength of Alabama's retail trade sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Alabama (SMU01000004244500001A), retrieved from FRED.