Labor Productivity for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
IPUSN71391L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.18
Year-over-Year Change
1.21%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures labor productivity for golf courses and country clubs in the United States. It provides insights into the efficiency and output of this key leisure 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 productivity index tracks the ratio of real output to hours worked in the golf course and country club sector. It is an important indicator of industry performance and competitiveness.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in this industry.
Historical Context
Policymakers and analysts use this productivity metric to assess the health and competitive position of the golf and recreation industry.
Key Facts
- Productivity increased by 2.5% in 2021 compared to the prior year.
- The golf course industry accounts for over 380,000 jobs in the U.S.
- Productivity growth slowed during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for golf courses and country clubs in the United States, tracking the ratio of real output to hours worked in this industry.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is an important indicator of the performance and competitiveness of the golf and recreation industry, providing insights for policymakers and industry analysts.
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 golf course and country club sector.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity metric to assess the health and competitive position of the golf and recreation industry, which is an important part of the broader leisure and hospitality sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve, with occasional revisions and updates as new information becomes available.
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Citation
U.S. Federal Reserve, Labor Productivity for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States (IPUSN71391L000000000), retrieved from FRED.