Hours Worked for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 7112) in the United States
IPUSN7112L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.10
Year-over-Year Change
-3.48%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the monthly hours worked in the spectator sports industry within the broader arts, entertainment, and recreation sector in the United States. It provides insights into the labor dynamics of this important leisure and entertainment 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 Hours Worked for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 7112) in the United States series tracks the total number of hours worked by employees in the spectator sports industry. This data point is a key indicator of economic activity and labor market trends within the entertainment and recreation sector.
Methodology
The data is collected through surveys of businesses and establishments in the spectator sports industry.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor employment, production, and consumer demand trends in the sports and entertainment sector.
Key Facts
- The spectator sports industry accounts for over 400,000 jobs in the U.S.
- Hours worked in this sector tend to peak during major sporting events and seasons.
- Trends in this metric can signal changes in consumer demand for live entertainment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the spectator sports industry, which is part of the broader arts, entertainment, and recreation sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment, production, and consumer demand trends within the sports and entertainment industry, which is an important part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the spectator sports industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the health and performance of the sports and entertainment sector, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the survey-based data collection process.
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Employment for Arts, Entertainment, and Recreation: Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures (NAICS 7114) in the United States
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Sectoral Output Price Deflator for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
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Unit Labor Costs for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
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Citation
U.S. Federal Reserve, Hours Worked for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 7112) in the United States (IPUSN7112L010000000), retrieved from FRED.