Arts, Entertainment and Recreation Wages and Salaries in Connecticut
CTWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,366,138.00
Year-over-Year Change
28.97%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures wages and salaries in the arts, entertainment, and recreation industry in Connecticut. It provides insight into labor market conditions and economic activity in 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
The Arts, Entertainment and Recreation Wages and Salaries in Connecticut series tracks compensation levels for workers in industries like performing arts, spectator sports, museums, and recreation. It is a key indicator of economic health and consumer demand for leisure activities in the state.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This series is used by policymakers, businesses, and economists to assess the strength of Connecticut's leisure and hospitality industry.
Key Facts
- Connecticut's arts and recreation sector employs over 50,000 workers.
- Wages in this industry grew 4.2% in the past year.
- The arts contribute over $9 billion annually to Connecticut's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures wages and salaries for workers in Connecticut's arts, entertainment, and recreation industries, providing insight into labor market conditions and economic activity in this sector.
Q: Why is this trend relevant for users or analysts?
A: This series is an important indicator of the health and consumer demand for leisure and hospitality activities in Connecticut, and is used by policymakers, businesses, and economists to assess the strength of this industry.
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: This series is used by policymakers, businesses, and economists to assess the strength of Connecticut's leisure and hospitality industry and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
All Employees: Manufacturing: Durable Goods: Aerospace Product and Parts Manufacturing in Connecticut
SMU09000003133640001
Gross Domestic Product: Federal Civilian in Connecticut
CTGOVFEDCIVNGSP
All Employees: Transportation and Utilities: Transportation and Warehousing in Connecticut
SMU09000004340008901SA
Gross Domestic Product: Real Estate and Rental and Leasing (53) in Connecticut
CTRERENTLEANQGSP
Value of Exports to Switzerland from Connecticut
CTCHEA052SCEN
Imports of Goods: Manufactured Commodities for Connecticut
IMPMANCT
Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Connecticut (CTWART), retrieved from FRED.