All Employees: Leisure and Hospitality: Food Services and Drinking Places in Colorado
SMU08000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
252.80
Year-over-Year Change
1.20%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total employment in the food services and drinking places industry within the leisure and hospitality sector in Colorado. It provides insight into the strength and recovery of this key service industry within the state.
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 Colorado series tracks the monthly change in the number of people employed in restaurants, bars, and other food and beverage establishments across the state. This metric is closely watched by economists and policymakers as an indicator of consumer demand and the broader service sector's performance.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for assessing the health of Colorado's service economy and consumer spending patterns.
Key Facts
- Colorado's food services and drinking places industry employs over 300,000 people.
- Employment in this sector fell sharply during the COVID-19 pandemic but has since partially recovered.
- The industry accounts for a significant portion of Colorado's overall service sector employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the food services and drinking places industry, which is part of the broader leisure and hospitality sector, within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is an important indicator of consumer demand and the overall health of Colorado's service-based economy. It provides insights into the performance and recovery of a key industry that was significantly impacted by the COVID-19 pandemic.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment trend to assess the strength of consumer spending, the service sector, and the broader economic conditions in Colorado.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Colorado (SMU08000007072200001), retrieved from FRED.