Labor Compensation for Arts, Entertainment, and Recreation: Amusement Parks and Arcades (NAICS 7131) in the United States
IPUSN7131L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-57.75%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures labor compensation for amusement parks and arcades in the United States. It provides insight into the financial health and labor costs of this leisure and entertainment 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 metric includes wages, salaries, and supplemental payments to employees in the amusement parks and arcades industry (NAICS 7131). This data series helps economists and policymakers understand trends in labor costs and workforce dynamics within the broader arts, entertainment, and recreation sector.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to assess the financial performance and labor market conditions in the amusement and recreation industry.
Key Facts
- Amusement parks and arcades represent a $28 billion industry in the U.S.
- The sector employs over 400,000 workers nationwide.
- Labor costs account for approximately 30% of total revenue for amusement parks.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor compensation, including wages, salaries, and supplemental payments, for employees in the amusement parks and arcades industry (NAICS 7131) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and labor market conditions of the amusement and recreation industry, which is an important part of the broader arts, entertainment, and leisure sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess labor market trends and the financial performance of the amusement park and arcade industry, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month delay in the most recent figures.
Related Trends
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IPUSN713950T300000000
Employment for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 7112) in the United States
IPUSN7112W200000000
Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
IPUSN713910T301000000
Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
IPUSN71395U101000000
Sectoral Output Price Deflator for Arts, Entertainment, and Recreation: Amusement Parks and Arcades (NAICS 7131) in the United States
IPUSN7131T051000000
Labor Productivity for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
IPUSN713910L000000000
Citation
U.S. Federal Reserve, Labor Compensation for Arts, Entertainment, and Recreation: Amusement Parks and Arcades (NAICS 7131) in the United States (IPUSN7131L021000000), retrieved from FRED.