Labor Productivity for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
IPUSN713950L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.44
Year-over-Year Change
26.52%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures labor productivity in the U.S. bowling center industry, a key indicator of efficiency and competitiveness within the broader arts, entertainment, and recreation 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 Labor Productivity for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States metric tracks the output per hour worked by employees in this industry. It provides insight into productivity trends and is used by economists and policymakers to assess the health and competitiveness of the U.S. bowling and recreation market.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This productivity metric is relevant for analyzing market conditions, consumer trends, and policy impacts within the leisure and hospitality industries.
Key Facts
- Bowling centers are a $4 billion industry in the U.S.
- Labor productivity has risen 23% in the bowling industry since 2010.
- The U.S. has over 5,000 bowling centers employing 100,000+ workers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks labor productivity, or output per hour worked, within the U.S. bowling center industry, which is classified under the broader arts, entertainment, and recreation sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring productivity in the bowling industry provides insights into the competitiveness and efficiency of this leisure and hospitality market, which is an important indicator for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through industry surveys and calculates the labor productivity metric.
Q: How is this trend used in economic policy?
A: This productivity metric is used by government agencies, analysts, and industry groups to assess market conditions, consumer trends, and the impacts of economic policies on the arts, entertainment, and recreation sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so there may be delays in reflecting the latest economic conditions.
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Citation
U.S. Federal Reserve, Labor Productivity for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States (IPUSN713950L000000000), retrieved from FRED.