Arts, Entertainment and Recreation Earnings in Illinois
ILEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,702,722.00
Year-over-Year Change
31.04%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Earnings in Illinois' series tracks average weekly earnings in the arts, entertainment and recreation industry in the state of Illinois. This metric provides insight into economic conditions and labor market trends within this key 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 data series measures average weekly earnings for employees in businesses classified under the arts, entertainment and recreation industry in the state of Illinois. It is used by economists and policymakers to analyze labor market dynamics and economic activity in this important service sector.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Arts, entertainment and recreation earnings data helps inform economic and workforce policies at the state level.
Key Facts
- Illinois has a large and diverse arts, entertainment and recreation industry.
- Average weekly earnings in this sector have grown steadily in recent years.
- The data is published monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings of employees in businesses classified under the arts, entertainment and recreation industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into economic conditions and labor market trends within an important service sector in Illinois, which can inform economic and workforce policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Arts, entertainment and recreation earnings data helps inform economic and workforce policies at the state level in Illinois.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Illinois (ILEART), retrieved from FRED.