All Employees: Retail Trade: Food and Beverage Stores in Massachusetts
SMU25000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.40
Year-over-Year Change
-1.73%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Retail Trade: Food and Beverage Stores in Massachusetts' series tracks the total number of employees in the food and beverage retail sector across the state. This metric is a key indicator of economic activity and consumer demand in this important industry.
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 measures the total nonfarm employment in food and beverage stores, which includes supermarkets, convenience stores, and other retail establishments that sell food and drinks. It is a useful gauge of consumer spending and employment trends in the retail trade sector within Massachusetts.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this metric to assess the health of the local retail economy and consumer confidence.
Key Facts
- Massachusetts has over 80,000 retail trade jobs in food and beverage stores.
- Employment in this sector has grown steadily over the past decade.
- Food and beverage stores account for about 20% of total retail trade jobs in the state.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employees working in food and beverage retail stores located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and employment trends in a key segment of the state's retail industry.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this indicator to assess the health of the local retail economy and consumer confidence.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Massachusetts (SMU25000004244500001A), retrieved from FRED.