All Employees: Leisure and Hospitality: Food Services and Drinking Places in Alabama
SMU01000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.05
Year-over-Year Change
3.96%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the leisure and hospitality industry, specifically food services and drinking places, in the state of Alabama. It provides insight into the health and performance of the local service 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: Leisure and Hospitality: Food Services and Drinking Places in Alabama indicator tracks employment in this key component of the state's economy. It is used by economists and policymakers to monitor labor market conditions and consumer spending patterns.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched as an indicator of consumer confidence and the broader economic climate in Alabama.
Key Facts
- Alabama's food services and drinking places employ over 200,000 workers.
- Employment in this sector has grown by 15% over the past 5 years.
- The leisure and hospitality industry accounts for 10% of Alabama's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the food services and drinking places industry within the leisure and hospitality sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health of Alabama's service sector and consumer spending patterns, which are important factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched as an indicator of consumer confidence and the broader economic climate in Alabama, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Alabama (SMU01000007072200001SA), retrieved from FRED.