Arts, Entertainment and Recreation Wages and Salaries in Colorado
COWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,879,550.00
Year-over-Year Change
35.05%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Wages and Salaries in Colorado' trend measures the average earnings of workers in Colorado's arts, entertainment, and recreation industries. This metric is important for understanding the economic health and labor market dynamics of this 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 series tracks the average hourly and weekly wages paid to employees in Colorado's arts, entertainment, and recreation industries. It provides insights into compensation levels and trends within these creative and leisure-focused sectors, which are a significant part of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economic analysts use this data to assess the competitiveness and resilience of Colorado's arts and entertainment industries.
Key Facts
- Colorado's arts, entertainment, and recreation sector employs over 140,000 workers.
- Average weekly wages in this industry were $724 in 2022.
- The sector accounts for 4.7% of Colorado's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wages and salaries paid to workers in Colorado's arts, entertainment, and recreation industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the compensation levels and labor market dynamics of Colorado's creative and leisure-focused sectors, which are important components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this data to assess the competitiveness and resilience of Colorado's arts and entertainment industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Colorado (COWART), retrieved from FRED.