All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in North Dakota
SMS38000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.30
Year-over-Year Change
7.35%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically the arts, entertainment, and recreation industry in North Dakota. It is an important indicator of economic activity and consumer demand in the state.
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 all employees: leisure and hospitality: arts, entertainment, and recreation trend provides insight into the labor market and business conditions in North Dakota's recreation and entertainment industries. It is used by economists, policymakers, and businesses to analyze trends in consumer spending and the overall health of the state's economy.
Methodology
The data is collected through surveys of businesses and establishments in North Dakota.
Historical Context
This trend is closely watched by economists and policymakers to assess the strength of consumer demand and the leisure/hospitality sector in the state.
Key Facts
- North Dakota's leisure and hospitality sector accounts for over 5% of total state employment.
- The arts, entertainment, and recreation industry has seen steady growth in North Dakota over the past decade.
- Employment in this sector is highly seasonal, with peaks during the summer tourism season.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of all employees in the leisure and hospitality sector, specifically the arts, entertainment, and recreation industry in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the labor market and business conditions in North Dakota's recreation and entertainment industries, which is important for assessing consumer demand and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in North Dakota.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists and policymakers to assess the strength of consumer demand and the leisure/hospitality sector in the state.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and delays typical of employment surveys.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in North Dakota (SMS38000007071000001), retrieved from FRED.