All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arkansas
SMS05000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
1.45%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total employment in the arts, entertainment, and recreation industry within the leisure and hospitality sector in Arkansas. It provides insight into the state's labor market and consumer demand for these services.
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 Arkansas series tracks the number of jobs in the arts, entertainment, and recreation industry as part of the broader leisure and hospitality sector within the state. This data is used by economists and policymakers to assess the health and trends of Arkansas' service-based economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is relevant for understanding consumer spending patterns, tourism, and the broader service industry in Arkansas.
Key Facts
- Arkansas' arts, entertainment, and recreation industry employed over 25,000 workers as of the latest data.
- Employment in this sector has grown by over 10% in the past 5 years.
- The leisure and hospitality industry accounts for nearly 10% of total employment in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the arts, entertainment, and recreation industry as part of the broader leisure and hospitality sector within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and trends of Arkansas' service-based economy, including consumer spending patterns, tourism, and the broader leisure industry.
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: Policymakers and economists use this employment data to assess the state's labor market and make informed decisions about economic development, tourism promotion, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Arkansas (SMS05000007071000001), retrieved from FRED.