All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota
SMU27000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.58
Year-over-Year Change
-1.52%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of all employees in the leisure and hospitality sector, specifically in food services and drinking places, for the state of Minnesota. It provides insight into labor market conditions and consumer demand in this key 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
The All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota trend tracks the total number of people employed in restaurants, bars, and other food and beverage establishments across the state. This metric is used by economists and policymakers to gauge the overall health of Minnesota's service sector and consumer spending patterns.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the performance of Minnesota's hospitality industry and its role in the broader state economy.
Key Facts
- Minnesota has over 300,000 employees in food services and drinking places.
- The leisure and hospitality sector accounts for over 10% of Minnesota's total employment.
- Employment in this industry has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically in food services and drinking places, for the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor market conditions and consumer demand in Minnesota's hospitality industry, which is a key sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to gauge the overall health of Minnesota's service sector and consumer spending patterns, which are important considerations for economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Minnesota (SMU27000007072200001SA), retrieved from FRED.