All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arizona
SMS04000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.30
Year-over-Year Change
1.84%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the arts, entertainment, and recreation sector of the leisure and hospitality industry in Arizona. It provides insight into the health and activity of this crucial service sector within the state.
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 All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arizona metric tracks the total number of individuals employed in these industries across the state. It serves as an important indicator of consumer demand, business investment, and overall economic vitality in Arizona.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic researchers to assess the performance of Arizona's tourism and leisure-focused businesses.
Key Facts
- Arizona's arts, entertainment, and recreation sector employs over 100,000 workers.
- This industry accounts for 5% of total employment in the state.
- Employment in this sector has grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the arts, entertainment, and recreation industries that are part of the broader leisure and hospitality sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of a key service industry in Arizona, offering clues about consumer demand, business investment, and the overall strength of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economic researchers closely monitor this trend to assess the performance of Arizona's tourism and leisure-focused businesses, which are crucial drivers of the state's economy.
Q: Are there update delays or limitations?
A: The data is released with a 1-month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arizona (SMS04000007071000001), retrieved from FRED.