All Employees: Leisure and Hospitality: Food Services and Drinking Places in Rhode Island
SMU44000007072200001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.10
Year-over-Year Change
2.45%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures the total number of employees in the food services and drinking places industry in Rhode Island. It provides insights into the health and dynamics of the state's leisure and 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: Leisure and Hospitality: Food Services and Drinking Places in Rhode Island series tracks the total employment figures for businesses in the food services and drinking places industry across the state. This data is a key indicator of economic activity and consumer demand in the leisure and hospitality sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the performance of Rhode Island's service industry and assess the state's economic conditions.
Key Facts
- Rhode Island has over 50,000 food service and drinking place employees.
- The leisure and hospitality sector accounts for over 10% of Rhode Island's total employment.
- Food services and drinking places experienced significant job losses during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the food services and drinking places industry across the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and health of Rhode Island's leisure and hospitality sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the service industry and assess Rhode Island's overall economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the survey and reporting timelines of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Rhode Island (SMU44000007072200001), retrieved from FRED.