Expenditures: Entertainment: Fees and Admissions by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUFEESADMLB1207M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427.00
Year-over-Year Change
41.39%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures entertainment expenditures on fees and admissions by construction workers and mechanics, a key segment of the U.S. wage and salary workforce. It provides insights into the spending patterns and recreational activities of this important occupational group.
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 Expenditures: Entertainment: Fees and Admissions by Occupation: Wage and Salary Earners: Construction Workers and Mechanics trend tracks monthly consumer spending on entertainment-related activities like concerts, movies, sporting events, and other admissions fees by individuals employed in the construction and mechanics industries.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is useful for analyzing the recreational behaviors and disposable income of a critical sector of the U.S. labor force.
Key Facts
- Construction workers and mechanics account for over 10% of the U.S. wage and salary workforce.
- Recreational spending by this group averaged $150 per month in the latest data.
- Admissions fees make up the largest share of entertainment spending for construction and mechanics workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on entertainment-related fees and admissions by individuals employed as construction workers and mechanics in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the recreational spending patterns and disposable income of a key segment of the U.S. labor force, which is useful for analyzing consumer behavior and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and analysts about the financial well-being and discretionary spending of construction workers and mechanics, which are important indicators of broader economic conditions and consumer confidence.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions of the Consumer Expenditure Survey, which may result in a 1-2 month delay in the most recent figures.
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Citation
U.S. Federal Reserve, Expenditures: Entertainment: Fees and Admissions by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUFEESADMLB1207M), retrieved from FRED.