Arts, Entertainment and Recreation Wages and Salaries in Montana
MTWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
474,636.00
Year-over-Year Change
46.08%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Wages and Salaries in Montana' trend measures the average wages and salaries in this industry within the state of Montana. This data is important for understanding labor market dynamics and trends in the arts and entertainment 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 series tracks the average hourly and weekly wages of workers in the arts, entertainment, and recreation industry in Montana. It provides insight into compensation levels and trends for these types of jobs, which can inform economic and workforce development policies.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this data to assess the health and competitiveness of Montana's arts and entertainment sector.
Key Facts
- Montana's arts, entertainment and recreation industry employs over 15,000 workers.
- Average weekly wages in this sector are approximately $550.
- Wages have increased by 3% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly and weekly wages paid to workers in the arts, entertainment, and recreation industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into compensation levels and trends within an important economic sector, which can inform workforce and economic development policies.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to assess the health and competitiveness of Montana's arts and entertainment sector, which can inform decisions around workforce development, tax incentives, and other policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Montana (MTWART), retrieved from FRED.