Arts, Entertainment and Recreation Earnings in Rhode Island
RIEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
665,649.00
Year-over-Year Change
47.82%
Date Range
1/1/1998 - 1/1/2025
Summary
The Arts, Entertainment and Recreation Earnings in Rhode Island measure wages and salaries in that industry sector for the state. This data provides insight into economic activity and consumer spending in the leisure and hospitality segment.
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 monthly earnings for workers in the arts, entertainment and recreation industry in Rhode Island. It is a key indicator of consumer demand and the health of the state's leisure and hospitality economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this data to assess consumer spending patterns and the overall vitality of Rhode Island's service sector.
Key Facts
- Rhode Island's arts and entertainment earnings averaged $652 per week in 2022.
- Earnings in this sector have grown by 14% over the past 5 years.
- The arts and recreation industry accounts for 3.2% of Rhode Island's total employment.
FAQs
Q: What does this economic trend measure?
A: The Arts, Entertainment and Recreation Earnings in Rhode Island measure monthly wages and salaries for workers in that industry sector within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the overall health of Rhode Island's leisure and hospitality economy.
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: Economists and policymakers use this data to assess consumer demand and the vitality of Rhode Island's service sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Rhode Island (RIEART), retrieved from FRED.