Arts, Entertainment and Recreation Earnings in District of Columbia
DCEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,365,761.00
Year-over-Year Change
50.33%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Earnings in District of Columbia' series measures the average weekly earnings for workers in the arts, entertainment, and recreation industries within the District of Columbia. This data provides insight into the economic health and trends of a key service sector in the nation's capital.
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 weekly earnings of employees in industries like performing arts, spectator sports, museums, and amusement parks located in the District of Columbia. It offers a window into the compensation and labor market dynamics of the creative and leisure economy in the region.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator helps policymakers and analysts understand the spending power and economic contributions of D.C.'s arts, entertainment and recreation sector.
Key Facts
- D.C. arts/recreation earnings averaged $1,067 per week in 2022.
- This sector accounts for over 30,000 jobs in the District of Columbia.
- Earnings in this industry have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of workers employed in the arts, entertainment, and recreation industries within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the compensation and labor market dynamics of a key service sector in the nation's capital, offering economic policymakers and analysts a window into the spending power and contributions of D.C.'s creative and leisure economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator helps policymakers and analysts understand the health and trends of D.C.'s arts, entertainment and recreation sector, which is an important part of the region's service-based economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in District of Columbia (DCEART), retrieved from FRED.