All Employees: Food Services and Drinking Places in Mississippi
SMU28000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.90
Year-over-Year Change
23.05%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the food services and drinking places industry in the state of Mississippi. It is an important indicator of economic activity and consumer demand in the 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: Food Services and Drinking Places in Mississippi metric tracks the total employment in restaurants, bars, and other food and beverage establishments located within the state. This data provides insight into the strength of the local hospitality industry and consumer spending patterns.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Mississippi's service economy and consumer confidence.
Key Facts
- Mississippi has over 100,000 food service and drinking establishment employees.
- The food services industry is a major employer in the state, accounting for 10% of total nonfarm jobs.
- Employment in this sector has grown by 15% in Mississippi over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the food services and drinking places industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: The food services and drinking places sector is a key indicator of consumer spending and economic activity in Mississippi. Monitoring employment in this industry provides insight into the strength of the local hospitality market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Mississippi's service economy and consumer confidence. It informs decisions around economic development, workforce planning, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. It may not capture real-time changes in the industry due to the survey-based collection method.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Mississippi (SMU28000007072200001A), retrieved from FRED.