Arts, Entertainment and Recreation Earnings in Colorado
COEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,418,079.00
Year-over-Year Change
35.96%
Date Range
1/1/1998 - 1/1/2025
Summary
The Arts, Entertainment and Recreation Earnings in Colorado metric tracks wages and salaries in this industry sector within the state. It provides insight into the economic health and labor market conditions of Colorado's arts and leisure industries.
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 measures the total earnings, including wages and salaries, for workers employed in arts, entertainment and recreation establishments located in Colorado. It is a key indicator of economic activity and consumer demand in the state's leisure and hospitality sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this metric to assess the performance and outlook for Colorado's tourism, recreation and cultural industries.
Key Facts
- Colorado's arts and recreation sector employs over 130,000 workers.
- Earnings in this industry have grown by 25% over the past 5 years.
- The arts and recreation industry accounts for 4% of Colorado's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks total earnings, including wages and salaries, for workers employed in arts, entertainment and recreation establishments located in Colorado.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the economic health and labor market conditions of Colorado's arts and leisure industries, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess the performance and outlook for Colorado's tourism, recreation and cultural industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Colorado (COEART), retrieved from FRED.