All Employees: Leisure and Hospitality: Food Services and Drinking Places in Illinois
SMU17000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
461.14
Year-over-Year Change
0.93%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically in food services and drinking places, in the state of Illinois. It provides valuable insights into the health and activity of this crucial economic segment.
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 Illinois series tracks the total number of people employed in the food services and drinking places industry within the broader leisure and hospitality sector in the state. This metric is an important indicator of consumer demand, economic activity, and labor market conditions in Illinois.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Illinois service economy and consumer spending patterns.
Key Facts
- The leisure and hospitality sector accounts for over 10% of total employment in Illinois.
- Food services and drinking places make up the largest subsector within leisure and hospitality in Illinois.
- Employment in this industry is closely tied to consumer confidence and discretionary spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food services and drinking places industry, which is part of the broader leisure and hospitality sector, within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and activity of a crucial segment of the Illinois economy, as the leisure and hospitality sector is a significant employer and indicator of consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the Illinois service economy and consumer spending patterns, which can inform decisions related to economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Labor Statistics, with a typical lag of several weeks or months between the reference period and the data release.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Illinois (SMU17000007072200001SA), retrieved from FRED.