Unit Labor Costs for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States
IPUJN51213U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
247.37%
Date Range
1/1/1988 - 1/1/2022
Summary
The 'Unit Labor Costs for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States' metric measures the total labor costs per unit of output in the U.S. movie and video exhibition industry. It is an important indicator of productivity and inflationary pressures.
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 change in total compensation per unit of real output for establishments primarily engaged in operating motion picture theaters and other movie exhibition facilities. It provides insight into labor costs and efficiency in the film exhibition sector.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and industry production metrics.
Historical Context
Policymakers and industry analysts use this metric to assess employment dynamics and cost pressures in the movie theater business.
Key Facts
- The series is indexed to 2012 = 100.
- Unit labor costs rose 12% from 2016 to 2021.
- The movie exhibition industry has faced significant labor shortages and cost inflation.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total labor costs per unit of output in the U.S. movie and video exhibition industry.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into labor productivity and cost pressures in the film exhibition sector, which is important for understanding employment dynamics and inflationary trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and industry production metrics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess employment and cost dynamics in the movie theater business.
Q: Are there update delays or limitations?
A: The data is subject to typical publication lags from the U.S. government statistical agencies.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Information: Motion Picture and Video Exhibition (NAICS 51213) in the United States (IPUJN51213U101000000), retrieved from FRED.