All Employees: Limited-Service Eating Places in Utah
SMU49000007072259001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.90
Year-over-Year Change
67.22%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment levels in limited-service eating places, such as fast-food restaurants, in the state of Utah. It is an important indicator of consumer spending and economic activity in the food service 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: Limited-Service Eating Places in Utah data series tracks the number of individuals employed in the limited-service restaurant sector across the state. This metric provides insights into consumer demand, labor market conditions, and broader economic trends within Utah's food service industry.
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 assess the health of Utah's consumer economy and make informed decisions about economic and workforce development.
Key Facts
- Utah has over 15,000 limited-service eating places.
- The food service industry is a major employer in the state.
- Consumer spending at restaurants is a key indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in limited-service eating places, such as fast-food restaurants, across the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending, labor market conditions, and the overall health of Utah's food service industry, which is an important sector 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 assess the strength of Utah's consumer economy and make informed decisions about economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Labor Statistics surveys.
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Citation
U.S. Federal Reserve, All Employees: Limited-Service Eating Places in Utah (SMU49000007072259001A), retrieved from FRED.