Arts, Entertainment and Recreation Earnings in Arizona
AZEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,994,943.00
Year-over-Year Change
62.95%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Earnings in Arizona' trend measures average weekly earnings in the arts, entertainment, and recreation industry in the state of Arizona. This metric provides insight into economic conditions and labor market trends in the state's leisure and hospitality 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
This data series tracks average weekly earnings for workers in Arizona's arts, entertainment, and recreation industry. It is a key indicator of economic activity and workforce dynamics within the leisure and hospitality sector, which is an important part of Arizona's economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Arizona's tourism and recreation-based economy.
Key Facts
- Arizona's arts and recreation industry employs over 150,000 workers.
- Earnings in this sector are typically lower than the statewide average.
- The COVID-19 pandemic significantly impacted Arizona's arts and recreation industry.
FAQs
Q: What does this economic trend measure?
A: The 'Arts, Entertainment and Recreation Earnings in Arizona' trend measures the average weekly earnings of workers in Arizona's arts, entertainment, and recreation industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into economic conditions and labor market trends in Arizona's leisure and hospitality sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of employers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Arizona's tourism and recreation-based economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Arizona (AZEART), retrieved from FRED.