All Employees: Full-Service Restaurants in Colorado
SMU08000007072251101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.20
Year-over-Year Change
10.98%
Date Range
1/1/2003 - 1/1/2024
Summary
This trend measures the total number of people employed in full-service restaurants in Colorado. It is an important indicator of economic activity and consumer spending in the state's leisure and 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
The All Employees: Full-Service Restaurants in Colorado data series tracks the total employment in the state's full-service restaurant industry. This metric provides insight into consumer demand and the health of the local economy, as the restaurant sector is a key component of the leisure and hospitality industry.
Methodology
The data is collected through surveys of Colorado businesses and establishments.
Historical Context
This employment trend is closely monitored by policymakers, economists, and industry analysts to gauge the strength of the state's consumer-facing sectors.
Key Facts
- Colorado has over 12,000 full-service restaurants.
- Restaurant employment accounts for 10% of the state's total private-sector jobs.
- The restaurant industry contributes $12 billion annually to Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in full-service restaurants located in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and the overall health of Colorado's leisure and hospitality sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments located in Colorado.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this employment trend to gauge the strength of consumer-facing sectors in the Colorado economy.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the reference period and the data release, as the survey information is compiled and processed.
Related Trends
All Employees: Leisure and Hospitality: Limited-Service Restaurants and Other Eating Places in Colorado
SMU08000007072259001SA
All Employees: Financial Activities: Credit Intermediation and Related Activities Including Monetary Authorities - Central Bank in Colorado
SMU08000005552200001SA
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Colorado
SMU08000004142300001SA
Number of Identified Exporters to Luxembourg from Colorado
COLUXA475SCEN
Arts, Entertainment and Recreation Wages and Salaries in Colorado
COWART
Real Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Colorado
COPRFRMSPRTMSMRGSP
Citation
U.S. Federal Reserve, All Employees: Full-Service Restaurants in Colorado (SMU08000007072251101A), retrieved from FRED.