All Employees: Retail Trade: Food and Beverage Stores in Tennessee
SMU47000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.50
Year-over-Year Change
15.46%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the food and beverage retail industry in Tennessee. It provides insights into the labor market and consumer spending patterns in this key 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: Retail Trade: Food and Beverage Stores in Tennessee metric measures the total employment levels across the state's grocery, convenience, and specialty food retail establishments. This data is used by economists and policymakers to assess the overall health of the state's consumer-driven economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched as an indicator of consumer confidence and spending habits in Tennessee.
Key Facts
- Tennessee has over 31,000 food and beverage retail employees.
- Retail trade accounts for 10% of Tennessee's total nonfarm employment.
- Food and beverage stores make up 40% of Tennessee's retail trade employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the food and beverage retail industry across the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the overall health of Tennessee's retail 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 business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend as an indicator of consumer confidence and spending in Tennessee, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Tennessee (SMU47000004244500001A), retrieved from FRED.