Arts, Entertainment and Recreation Wages and Salaries in District of Columbia
DCWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,040,837.00
Year-over-Year Change
43.49%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the wages and salaries in the arts, entertainment, and recreation sector in Washington, D.C. It provides insights into compensation levels and labor market conditions in this important 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 'Arts, Entertainment and Recreation Wages and Salaries in District of Columbia' series tracks the average hourly and weekly earnings of workers in the arts, entertainment, and recreation industries in the Washington, D.C. metropolitan area. This data is used by economists and policymakers to monitor labor market trends and the economic health of the region's creative and cultural sectors.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding consumer spending, the strength of the local economy, and policy decisions related to the arts and tourism sectors.
Key Facts
- Wages in the arts, entertainment, and recreation sector in DC are typically higher than the national average.
- The COVID-19 pandemic had a significant negative impact on employment and wages in this industry.
- Arts and cultural institutions are major economic drivers in the Washington, D.C. metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly wages and salaries of workers in the arts, entertainment, and recreation industries in the Washington, D.C. metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding labor market conditions, consumer spending, and the economic health of the arts and cultural sectors in the D.C. region.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to inform decisions related to the arts, tourism, and creative industries in Washington, D.C.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in District of Columbia (DCWART), retrieved from FRED.