Hours Worked for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States
IPUSN713940L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
96.67%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the total hours worked in the fitness and recreational sports centers industry in the United States. It provides insights into the activity and labor utilization within this important service 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: Fitness and Recreational Sports Centers (NAICS 713940) in the United States series tracks the total number of hours worked by employees in this industry. It serves as an indicator of the overall level of economic activity and labor demand within the fitness and recreational sports centers sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health and performance of the leisure and hospitality industry.
Key Facts
- The fitness and recreational sports centers industry employs over 800,000 workers in the United States.
- Total hours worked in this sector have grown by over 20% since 2010.
- The industry is a significant contributor to the U.S. leisure and hospitality sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked by employees in the fitness and recreational sports centers industry (NAICS 713940) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of economic activity and labor demand within the fitness and recreational sports centers sector, which is an important part of the broader leisure and hospitality industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health and performance of the leisure and hospitality industry, which is a significant contributor to the U.S. economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Hours Worked for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 713940) in the United States (IPUSN713940L201000000), retrieved from FRED.