Arts, Entertainment and Recreation Wages and Salaries in Massachusetts
MAWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,918,566.00
Year-over-Year Change
21.17%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Wages and Salaries in Massachusetts' trend measures average earnings in this key economic sector within the state. It provides insight into labor market conditions and compensation levels for workers in Massachusetts's vibrant creative and leisure industries.
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 economic indicator tracks the average hourly and weekly wages paid to employees in Massachusetts's arts, entertainment, and recreation industries. It is used by policymakers, researchers, and businesses to monitor trends in compensation and labor costs within this important service sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Analyzing this wage trend helps inform economic and workforce development policies in Massachusetts.
Key Facts
- Massachusetts has over 100,000 workers in arts, entertainment, and recreation industries.
- Wages in this sector are 15% below the state's overall average wage.
- The arts and recreation industries contribute over $10 billion annually to Massachusetts's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly wages paid to employees working in Massachusetts's arts, entertainment, and recreation industries.
Q: Why is this trend relevant for users or analysts?
A: Monitoring compensation levels in this sector provides insight into labor market conditions and helps inform economic and workforce policies in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analyzing this wage trend can help policymakers and businesses understand labor costs and compensation dynamics within Massachusetts's creative and leisure industries.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of 1-2 months following the reference period.
Related Trends
All Employees: Other Services: Personal and Laundry Services in Massachusetts
SMU25000008081200001
Implicit Regional Price Deflator for Massachusetts
MAIRPD
Per Capita Personal Consumption Expenditures: Services: Transportation Services for Massachusetts
MAPCEPCTRANS
All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in Massachusetts
SMU25000008081300001A
Average Weekly Earnings of All Employees: Information in Massachusetts
SMU25000005000000011
All Employees: Retail Trade: Building Material and Garden Equipment and Supplies Dealers in Massachusetts
SMU25000004244400001SA
Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Massachusetts (MAWART), retrieved from FRED.