All Employees: Retail Trade: Food and Beverage Stores in Utah
SMU49000004244500001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.30
Year-over-Year Change
25.22%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the retail trade sector of food and beverage stores in the state of Utah. It provides insight into the strength and labor dynamics of this key consumer-facing 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 Utah series measures the total number of persons on the payrolls of food and beverage retail establishments located in Utah. This data is used by economists and policymakers to analyze employment trends and labor market conditions in this crucial retail segment.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking employment in the food and beverage retail sector helps inform assessments of consumer spending, inflation, and broader economic conditions.
Key Facts
- Utah has over 15,000 food and beverage retail employees.
- Employment in this sector grew by 3.2% over the past year.
- The food and beverage retail industry is a major employer in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the retail trade sector of food and beverage stores located within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the food and beverage retail industry provides insight into consumer spending patterns and the overall health of Utah's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment data helps inform assessments of consumer demand, inflationary pressures, and broader economic conditions by policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, All Employees: Retail Trade: Food and Beverage Stores in Utah (SMU49000004244500001A), retrieved from FRED.