Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Louisiana
Annual, Not Seasonally Adjusted
LAARTENTRECNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,619.90
Year-over-Year Change
71.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the total number of employees in the arts, entertainment, and recreation industry in the United States. This metric is closely watched by economists to understand trends in the service 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 arts, entertainment, and recreation industry includes a wide range of businesses such as performing arts, spectator sports, museums, and amusement parks. Employment in this sector is an important indicator of economic activity and consumer spending.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to assess the health of the leisure and hospitality industries.
Key Facts
- The arts, entertainment, and recreation industry employs over 2.5 million people in the U.S.
- This sector saw a sharp decline in employment during the COVID-19 pandemic.
- Employment in this industry tends to be sensitive to changes in consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the arts, entertainment, and recreation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Employment in the arts, entertainment, and recreation sector is an important indicator of economic activity and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to assess the health of the leisure and hospitality industries.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAARTENTRECNGSP), retrieved from FRED.