Arts, Entertainment and Recreation Earnings in South Dakota
SDEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
413,822.00
Year-over-Year Change
31.01%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Arts, Entertainment and Recreation Earnings in South Dakota' trend measures average weekly earnings in the arts, entertainment, and recreation industry for the state of South Dakota. This metric provides insight into the economic health and labor market conditions of this key 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 data series tracks average weekly earnings for employees in South Dakota's arts, entertainment, and recreation industry. It is an important indicator of economic activity and labor market trends in the creative, leisure, and hospitality sectors within the state.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the performance and outlook of South Dakota's leisure and hospitality industries.
Key Facts
- South Dakota's arts and entertainment sector employs over 12,000 workers.
- Average weekly earnings in this industry are $501 as of the latest data.
- Earnings have increased by 3.5% over the past year in this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures average weekly earnings for employees in South Dakota's arts, entertainment, and recreation industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and labor market conditions of a key sector in South Dakota's economy.
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: Policymakers and analysts use this metric to assess the performance and outlook of South Dakota's leisure and hospitality industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in South Dakota (SDEART), retrieved from FRED.