Employment for Arts, Entertainment, and Recreation: Performing Arts Companies (NAICS 7111) in the United States
IPUSN7111W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.66
Year-over-Year Change
35.17%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures employment in the performing arts companies industry within the broader arts, entertainment, and recreation sector in the United States. It provides insight into the labor dynamics of a key creative 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 performing arts companies employment metric tracks the number of people employed in businesses such as theater companies, dance companies, and musical groups. This data is useful for analyzing trends in the creative economy and gauging the health of a major component of the arts and culture industry.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts monitor this trend to assess the state of the performing arts labor market and its broader economic impact.
Key Facts
- The performing arts industry employs over 400,000 workers in the U.S.
- Employment in this sector declined sharply during the COVID-19 pandemic.
- The performing arts industry generates over $30 billion in annual economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in performing arts companies in the United States, including theater, dance, and music groups.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and labor dynamics of a key creative industry, which is important for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the state of the performing arts labor market and its broader economic impact.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Employment for Arts, Entertainment, and Recreation: Performing Arts Companies (NAICS 7111) in the United States (IPUSN7111W010000000), retrieved from FRED.