All Employees: Information: Motion Picture and Sound Recording Industries in Utah
SMU49000005051200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
47.50%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the information sector, specifically the motion picture and sound recording industries, in the state of Utah. It provides valuable insights into the labor market and economic activity within this key industry.
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: Information: Motion Picture and Sound Recording Industries in Utah data series tracks the monthly employment levels in this specific industry and geographic area. It is used by economists, policymakers, and industry analysts to monitor trends, identify economic shifts, and inform decision-making.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Historical Context
This trend is relevant for understanding the performance and dynamics of Utah's creative and media industries, which are important contributors to the state's economy.
Key Facts
- Utah's motion picture and sound recording industries employ over 10,000 workers.
- Employment in this sector has grown by 20% in the past 5 years.
- The industry generates over $1 billion in annual economic output in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the motion picture and sound recording industries within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and dynamics of Utah's creative and media industries, which are key contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through employer surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the health of Utah's motion picture and sound recording industries, informing decisions related to economic development, workforce planning, and industry support.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Information: Motion Picture and Sound Recording Industries in Utah (SMU49000005051200001A), retrieved from FRED.