All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Tennessee
SMS47000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.30
Year-over-Year Change
5.34%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the arts, entertainment, and recreation industry within the leisure and hospitality sector in Tennessee. It is an important indicator of the state's tourism and service-based economy.
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 in Tennessee series tracks the number of people employed in cultural, recreational, and entertainment-related businesses across the state. This data provides insights into the health and growth of Tennessee's service and tourism industries.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the performance and outlook of Tennessee's service-driven economy.
Key Facts
- Tennessee's leisure and hospitality sector accounts for over 300,000 jobs.
- Arts, entertainment, and recreation make up around 20% of leisure and hospitality employment in the state.
- This industry experienced significant job losses during the COVID-19 pandemic but has seen a steady recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the arts, entertainment, and recreation industry within the broader leisure and hospitality sector in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and growth of Tennessee's service and tourism-driven economy, which is a key component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance and outlook of Tennessee's service-driven economy, which can inform decisions related to tourism, economic development, and workforce planning.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Tennessee (SMS47000007071000001), retrieved from FRED.