Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 711510) in the United States
IPUSN711510L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.32
Year-over-Year Change
32.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked by independent artists, writers, and performers in the arts, entertainment, and recreation industry in the United States. It is an important indicator of labor market conditions and economic activity in the creative 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
The Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 711510) in the United States trend provides insights into the labor dynamics of self-employed creative professionals. It is used by economists and policymakers to assess trends in the gig economy and the health of the arts and culture industry.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, industry associations, and financial analysts to understand the economic well-being of the creative workforce and inform relevant policies and investment decisions.
Key Facts
- The arts, entertainment, and recreation industry employs over 2.5 million workers in the U.S.
- Independent artists, writers, and performers account for a significant portion of the creative workforce.
- Hours worked in this sector can fluctuate seasonally and with changes in consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of hours worked by independent artists, writers, and performers in the arts, entertainment, and recreation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor dynamics of the creative sector, which is an important part of the U.S. economy. It is used by economists and policymakers to assess trends in the gig economy and the health of the arts and culture industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry associations, and financial analysts to understand the economic well-being of the creative workforce and inform relevant policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Labor Statistics, but there may be some delays in reporting due to the nature of survey-based data collection.
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Citation
U.S. Federal Reserve, Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 711510) in the United States (IPUSN711510L010000000), retrieved from FRED.