Arts, Entertainment and Recreation Earnings in Ohio
OHEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,779,501.00
Year-over-Year Change
29.08%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average weekly earnings in the arts, entertainment, and recreation sector in the state of Ohio. It provides insights into the economic performance and labor market conditions of this key industry.
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 arts, entertainment, and recreation earnings trend tracks the average weekly wages paid to employees in this sector within Ohio. It serves as an important indicator of economic activity, consumer spending, and labor market trends in the state's leisure and hospitality industries.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, business leaders, and economists to assess the overall health of Ohio's service-providing industries.
Key Facts
- Ohio's arts, entertainment, and recreation sector accounts for over 200,000 jobs.
- Average weekly earnings in this industry have grown by 10% over the past 5 years.
- The sector contributed $12.3 billion to Ohio's GDP in the latest year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of employees in the arts, entertainment, and recreation sector within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and labor market conditions of Ohio's leisure and hospitality industries, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, business leaders, and economists to assess the overall health of Ohio's service-providing industries and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Ohio (OHEART), retrieved from FRED.