All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Indiana
SMU18000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.10
Year-over-Year Change
2.93%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the arts, entertainment, and recreation industry in the state of Indiana. It provides valuable insights into the economic health and labor market conditions of this important 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: Arts, Entertainment, and Recreation in Indiana data series tracks the monthly employment levels in this key industry within the state. It is used by economists, policymakers, and businesses to analyze workforce trends and the broader economic landscape.
Methodology
The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored as it reflects consumer spending patterns and the vitality of Indiana's tourism and recreation-oriented businesses.
Key Facts
- Indiana's arts, entertainment, and recreation industry employs over 65,000 workers.
- Employment in this sector has rebounded strongly since the COVID-19 pandemic.
- The industry accounts for 2.5% of Indiana's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly number of employees in the arts, entertainment, and recreation industry within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and labor market conditions of an important sector of Indiana's economy, which is closely tied to consumer spending and tourism.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the strength of Indiana's leisure and hospitality industry and inform decisions related to economic development, tourism, and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Indiana (SMU18000007071000001A), retrieved from FRED.