All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Wisconsin
SMU55000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
28.85%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically focused on the arts, entertainment, and recreation industry in Wisconsin. It provides valuable insights into the state's tourism and entertainment-related economic activity.
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 Wisconsin trend tracks the total employment levels in this key service industry within the state. It is a widely-used indicator of the health and performance of Wisconsin's tourism, entertainment, and cultural sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to assess the strength of Wisconsin's leisure and hospitality industry and its impact on the overall state economy.
Key Facts
- Wisconsin has a thriving arts, entertainment, and recreation industry.
- The leisure and hospitality sector accounts for a significant portion of the state's economy.
- Employment levels in this industry can fluctuate with seasonal and economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the arts, entertainment, and recreation sector within the broader leisure and hospitality industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and health of Wisconsin's tourism, entertainment, and cultural sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists closely monitor this trend to assess the strength of Wisconsin's leisure and hospitality industry and its impact on the overall state economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the survey process.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Wisconsin (SMU55000007071000001A), retrieved from FRED.