Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
IPUSN71395U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
-236.36%
Date Range
1/1/1988 - 1/1/2022
Summary
The Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States measures the labor costs per unit of output in the bowling industry. This metric is a key indicator of productivity and a driver of inflation.
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
Unit labor costs represent the average cost of labor per unit of output and are calculated as the ratio of total labor compensation to real output. This metric provides insight into industry-level productivity and can inform policymakers and analysts about inflationary pressures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the bowling industry.
Historical Context
Tracking unit labor costs helps economists and policymakers assess the state of the labor market and potential inflationary risks.
Key Facts
- Unit labor costs rose by 5.1% in 2022 for the U.S. bowling industry.
- Bowling centers account for over 60,000 jobs in the U.S. economy.
- The bowling industry is part of the broader arts, entertainment, and recreation sector.
FAQs
Q: What does this economic trend measure?
A: This metric measures the average cost of labor per unit of output in the U.S. bowling industry. It provides insight into productivity and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: Unit labor costs are a key indicator of industry-level productivity and can inform policymakers and analysts about potential inflationary risks.
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 bowling industry.
Q: How is this trend used in economic policy?
A: Tracking unit labor costs helps economists and policymakers assess the state of the labor market and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States (IPUSN71395U101000000), retrieved from FRED.