Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 71151) in the United States
IPUSN71151L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.32
Year-over-Year Change
32.47%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the number of hours worked by independent artists, writers, and performers in the arts, entertainment, and recreation industry in the United States. It provides insights into the labor market and economic activity within this creative sector.
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: Independent Artists, Writers, and Performers (NAICS 71151) in the United States series tracks the total number of hours worked by self-employed individuals in this creative occupational group. It serves as an indicator of labor utilization and productivity within the broader arts and entertainment industry.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the health and dynamics of the independent creative workforce.
Key Facts
- The arts, entertainment, and recreation industry employs over 2.5 million people in the U.S.
- Independent artists, writers, and performers account for approximately 20% of total employment in this sector.
- Hours worked in this industry tend to be more volatile than the overall U.S. labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by independent artists, writers, and performers in the arts, entertainment, and recreation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity within the creative sector, which is an important component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
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 dynamics of the independent creative workforce, which can inform economic and cultural policies.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the broader Current Population Survey.
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Citation
U.S. Federal Reserve, Hours Worked for Arts, Entertainment, and Recreation: Independent Artists, Writers, and Performers (NAICS 71151) in the United States (IPUSN71151L010000000), retrieved from FRED.