All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in West Virginia
SMS54000007071000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.40
Year-over-Year Change
-5.62%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of people employed in the arts, entertainment, and recreation industry in West Virginia within the broader leisure and hospitality sector. It provides insights into the state's service-based economy and tourism 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 All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in West Virginia series tracks monthly employment levels in this key economic segment. It offers a valuable indicator of activity and labor demand in West Virginia's cultural, recreational, and entertainment sectors.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to assess the health and trajectory of West Virginia's tourism and leisure-oriented businesses.
Key Facts
- West Virginia has a significant tourism industry.
- Arts, entertainment, and recreation are major contributors to the state's economy.
- Employment in this sector can be sensitive to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the arts, entertainment, and recreation industry within the broader leisure and hospitality sector in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of West Virginia's tourism and service-based economy, which is a significant driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to assess the state of West Virginia's leisure and hospitality sector, which has important implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly, with some potential for minor revisions to previous months' figures.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in West Virginia (SMS54000007071000001), retrieved from FRED.