All Employees: Retail Trade: Food and Beverage Stores in Missouri
SMU29000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.70
Year-over-Year Change
-11.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the retail trade sector, specifically in food and beverage stores, for the state of Missouri. It provides insight into the labor market and consumer spending patterns within this crucial 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: Retail Trade: Food and Beverage Stores in Missouri metric measures the total employment levels in this retail subsector, which includes grocery stores, specialty food stores, and beverage establishments. This data is used by economists and policymakers to analyze the health and trends of Missouri's consumer-driven economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched as an indicator of consumer confidence and spending patterns in Missouri.
Key Facts
- Missouri has over 60,000 retail trade employees in food and beverage stores.
- Employment in this sector has grown by 5% in the past 5 years.
- Food and beverage stores account for nearly 20% of Missouri's total retail trade employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the retail trade sector, specifically in food and beverage stores, within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insight into consumer spending patterns and the overall health of Missouri's consumer-driven economy, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely monitored by economists and policymakers as an indicator of consumer confidence and spending, which informs decisions on economic policies and market interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, so it provides timely but not real-time information on employment trends in this sector.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Missouri (SMU29000004244500001A), retrieved from FRED.