All Employees: Food Services and Drinking Places in Louisiana
SMU22000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.30
Year-over-Year Change
12.79%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Louisiana' economic trend measures employment in the food service and drinking establishment sector within the state of Louisiana. This data is a key indicator of consumer spending and economic activity.
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
This series tracks the total number of people employed in Louisiana's food service and drinking establishments, including restaurants, bars, and similar venues. It provides insight into the strength of the state's hospitality and tourism sectors, which are important drivers of economic growth.
Methodology
The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the health of Louisiana's economy.
Key Facts
- Louisiana's food service and drinking establishments employed over 200,000 people as of the latest data.
- This sector accounts for approximately 10% of the state's total non-farm employment.
- Employment in this industry has seen significant fluctuations due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in Louisiana's food service and drinking establishments, including restaurants, bars, and similar venues.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of Louisiana's hospitality and tourism sectors, which are important drivers of economic growth in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and analysts to assess the health of Louisiana's economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey methodology.
Related Trends
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana
LANDURMANRQGSP
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Louisiana
LAARTENTRECRGSP
Gross Domestic Product: Paper Manufacturing (322) in Louisiana
LAPAPMANNGSP
Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Louisiana
LAMOTPICSNDNGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Louisiana
EMISSCO2CCLEIBLAA
Industrial Carbon Dioxide Emissions, Petroleum for Louisiana
EMISSCO2TOTVICPELAA
Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Louisiana (SMU22000007072200001A), retrieved from FRED.