Unit Labor Costs for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
IPUSN713940U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.10
Year-over-Year Change
416.67%
Date Range
1/1/2003 - 1/1/2022
Summary
The Unit Labor Costs for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States measures the total labor costs per unit of output in this industry. It is an important economic indicator for understanding productivity and cost 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 changes in unit labor costs, which include wages, salaries, and benefits, for the fitness and recreational sports centers industry in the United States. It provides insights into the efficiency and cost dynamics of this sector, which is a key part of the broader arts, entertainment, and recreation industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and inflationary pressures within the fitness and recreation industry.
Key Facts
- This series dates back to 1987.
- Fitness and recreation centers account for over 400,000 jobs in the U.S.
- Unit labor costs in this industry have risen by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unit labor costs, including wages, salaries, and benefits, for the fitness and recreational sports centers industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and cost pressures within the fitness and recreation industry, which is important for understanding broader economic conditions and inflation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and inflationary pressures within the fitness and recreation industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release delay of 2-3 months.
Related Trends
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IPUSN713910T051000000
Unit Labor Costs for Arts, Entertainment, and Recreation: Gambling Industries (NAICS 7132) in the United States
IPUSN7132U100000000
Labor Compensation for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 71311) in the United States
IPUSN71311L020000000
Labor Productivity for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
IPUSN713940L000000000
Employment for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394W200000000
Employment for Arts, Entertainment, and Recreation: Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures (NAICS 711410) in the United States
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Citation
U.S. Federal Reserve, Unit Labor Costs for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States (IPUSN713940U101000000), retrieved from FRED.