All Employees: Leisure and Hospitality: Food Services and Drinking Places in Utah
SMU49000007072200001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.34
Year-over-Year Change
0.64%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Leisure and Hospitality: Food Services and Drinking Places in Utah' trend measures employment in the food services and drinking places industry within the leisure and hospitality sector in Utah. This metric provides insight into the health and activity of a critical component of the state's economy.
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
This series tracks the number of payroll employees working in food services and drinking places, such as restaurants, bars, and other establishments, within the broader leisure and hospitality industry in Utah. It is an important indicator of consumer demand, business confidence, and overall economic conditions in the state.
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 trend to assess the performance of Utah's service sector and make informed decisions about economic and workforce development.
Key Facts
- Utah's food services and drinking places industry employs over 150,000 people.
- Employment in this sector has grown by 20% over the past 5 years.
- The industry accounts for nearly 10% of total nonfarm employment in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of payroll employees working in food services and drinking places, such as restaurants, bars, and other establishments, within the broader leisure and hospitality industry in Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a critical component of Utah's economy, as the food services and drinking places industry is a major employer and indicator of consumer demand and business confidence.
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 analysts use this trend to assess the performance of Utah's service sector and make informed decisions about economic and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Food Services and Drinking Places in Utah (SMU49000007072200001SA), retrieved from FRED.