Hours Worked for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States
IPUSN713110L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.12
Year-over-Year Change
22.22%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Hours Worked for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States' measures the total number of hours worked by employees in the amusement and theme park industry, providing insights into the sector's labor dynamics.
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
This economic trend reflects the labor input for a key leisure and hospitality industry. It is used by economists and policymakers to monitor the health and trends of the amusement and theme park segment, which is an important component of the broader arts, entertainment, and recreation sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric offers insights into consumer demand and business activity in the amusement and theme park industry, which has implications for broader economic and policy discussions.
Key Facts
- The amusement and theme park industry employs over 400,000 workers in the United States.
- Hours worked in this sector are highly seasonal, with peaks during the summer months.
- The COVID-19 pandemic significantly disrupted employment and hours worked in the amusement and theme park industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked by employees in the amusement and theme park industry (NAICS 713110) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor dynamics and business activity within the amusement and theme park segment, which is an important component of the broader arts, entertainment, and recreation sector.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend offers insights into consumer demand and business activity in the amusement and theme park industry, which can inform economic and policy discussions.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have occasional delays in reporting.
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Citation
U.S. Federal Reserve, Hours Worked for Arts, Entertainment, and Recreation: Amusement and Theme Parks (NAICS 713110) in the United States (IPUSN713110L010000000), retrieved from FRED.