All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Utah
SMS49000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.60
Year-over-Year Change
0.96%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the arts, entertainment, and recreation industry within the leisure and hospitality sector in Utah. It provides valuable insights into the state's tourism and leisure economy.
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 Utah series tracks the number of people employed in these industries, which are crucial components of Utah's economy. This data helps policymakers and analysts understand workforce trends and the health of the state's tourism and recreation sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor the performance and outlook of Utah's arts, entertainment, and recreation sectors.
Key Facts
- Utah's arts, entertainment, and recreation industry employs over 40,000 people.
- This sector has seen steady growth over the past decade.
- The arts and recreation industries are major contributors to Utah's tourism economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the arts, entertainment, and recreation industries within the leisure and hospitality sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Utah's tourism and recreation-based economy, which is a crucial component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the leisure and hospitality sector in Utah, informing decisions related to tourism, economic development, and workforce planning.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months between the reference period and the release date.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Utah (SMS49000007071000001), retrieved from FRED.