All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Virginia
SMU51000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.20
Year-over-Year Change
0.24%
Date Range
1/1/2003 - 6/1/2025
Summary
This economic trend measures employment levels in the arts, entertainment, and recreation sector of the leisure and hospitality industry in Virginia. It provides valuable insights into the state's tourism and cultural 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 Virginia series tracks the number of people employed in these industries, which are key drivers of the state's economy. This data is used by policymakers, economists, and industry analysts to understand workforce trends and economic activity.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is important for monitoring the health of Virginia's tourism and cultural sectors, which are influenced by factors like consumer spending, travel patterns, and government policies.
Key Facts
- Virginia's arts, entertainment, and recreation sector employs over 130,000 people.
- Employment in this industry has fluctuated due to the COVID-19 pandemic.
- The leisure and hospitality industry accounts for approximately 10% of Virginia's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the arts, entertainment, and recreation sector of the leisure and hospitality industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health and economic impact of Virginia's tourism and cultural sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this data to monitor workforce trends and economic activity in Virginia's leisure and hospitality industries, which inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Virginia (SMU51000007071000001), retrieved from FRED.