Hourly Compensation for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
IPUSN713950U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.04
Year-over-Year Change
58.82%
Date Range
1/1/1987 - 1/1/2024
Summary
The Hourly Compensation for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States measures the average hourly wage and benefits paid to workers in the bowling center industry. This metric is closely watched by economists and policymakers to gauge labor market conditions and productivity in the 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
This economic trend provides insight into the compensation levels for workers employed in the bowling center industry, which is a key component of the broader arts, entertainment, and recreation sector. The data is used by analysts to assess industry profitability, employment trends, and cost pressures facing businesses in this segment of the economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in hourly compensation can inform policy decisions related to minimum wage, workforce development, and economic stabilization measures.
Key Facts
- Bowling centers are a $4 billion industry in the U.S.
- The sector employs over 100,000 workers nationwide.
- Hourly compensation has risen 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage and benefits paid to workers employed in the bowling center industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking hourly compensation in the bowling center industry provides insights into labor market conditions, productivity, and cost pressures facing businesses in the recreation sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in hourly compensation can inform policy decisions related to minimum wage, workforce development, and economic stabilization measures.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
Related Trends
Employment for Arts, Entertainment, and Recreation: Amusements, Gambling, and Recreation (NAICS 713) in the United States
IPUSN713W010000000
Employment for Arts, Entertainment, and Recreation: Spectator Sports (NAICS 7112) in the United States
IPUSN7112W200000000
Hours Worked for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 71395) in the United States
IPUSN71395L010000000
Labor Productivity for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
IPUSN71391L000000000
Real Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
IPUSN71391T010000000
Output per Worker for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394W000000000
Citation
U.S. Federal Reserve, Hourly Compensation for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States (IPUSN713950U120000000), retrieved from FRED.