Arts, Entertainment and Recreation Wages and Salaries in Utah
UTWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,574,051.00
Year-over-Year Change
60.86%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average wages and salaries in the arts, entertainment, and recreation industry in Utah. It provides valuable insights into the state's creative economy and workforce trends.
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 Arts, Entertainment and Recreation Wages and Salaries in Utah series tracks average compensation levels for employees in industries like performing arts, spectator sports, museums, and recreational activities across the state. This data helps economists and policymakers understand labor market dynamics in Utah's vibrant arts and culture sector.
Methodology
The data is collected through surveys of businesses and organizations by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used to monitor the health and competitiveness of Utah's creative industries, which are important drivers of tourism and local economic development.
Key Facts
- Utah's arts, entertainment, and recreation industry employs over 50,000 workers.
- Average wages in this sector are 20% lower than the statewide average.
- The industry accounts for 3.5% of Utah's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend tracks average wages and salaries for employees in Utah's arts, entertainment, and recreation industries, including performing arts, spectator sports, museums, and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and competitiveness of Utah's creative economy, which is a key driver of tourism and local economic development in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor labor market trends in Utah's arts and culture sector and inform decisions around economic development, workforce training, and support for creative industries.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay. The sample size may not fully capture all small businesses and independent contractors in the industry.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Utah (UTWART), retrieved from FRED.