Labor Compensation for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States
IPUJN51213L020000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,805.27
Year-over-Year Change
48.64%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor compensation for the information industry of motion picture and video exhibition in the United States. It provides insights into the wages and benefits paid to workers in this sector, which is a crucial component of the entertainment and media industry.
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 Labor Compensation for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States series tracks the total compensation, including wages and benefits, paid to employees in the motion picture and video exhibition industry. This data is used by economists and policymakers to analyze trends in labor costs and productivity within this important economic sector.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the motion picture and video exhibition industry.
Historical Context
This economic trend is used by policymakers, industry analysts, and investors to assess the financial health and labor market conditions in the entertainment and media industry.
Key Facts
- The motion picture and video exhibition industry employs over 350,000 workers in the United States.
- Labor compensation accounts for over 60% of total operating costs in the motion picture and video exhibition industry.
- Wages and benefits in the motion picture and video exhibition industry have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor compensation, including wages and benefits, paid to employees in the motion picture and video exhibition industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market conditions and financial health of the entertainment and media industry, which is a crucial component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the motion picture and video exhibition industry.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors use this trend to assess the financial health and labor market conditions in the entertainment and media industry, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for the U.S. Bureau of Labor Statistics to collect and process the survey information from businesses in the motion picture and video exhibition industry.
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Citation
U.S. Federal Reserve, Labor Compensation for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States (IPUJN51213L020000000), retrieved from FRED.