All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Connecticut
SMU09000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.50
Year-over-Year Change
14.46%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees in the leisure and hospitality sector, specifically in the arts, entertainment, and recreation industry, within the state of Connecticut. It provides valuable insights into the health and performance of this key service 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
The All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Connecticut data series tracks the total number of workers employed in this industry, which includes businesses such as museums, theaters, amusement parks, and other recreational facilities. This metric is used by economists and policymakers to gauge the economic activity and labor market trends in Connecticut's tourism and entertainment-related industries.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state's economic performance and the impact of factors such as consumer spending, tourism, and government policies on the leisure and hospitality sector.
Key Facts
- Connecticut's leisure and hospitality sector employs over 100,000 workers.
- The arts, entertainment, and recreation industry accounts for about one-third of the state's leisure and hospitality employment.
- Employment in this sector has experienced significant fluctuations due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the arts, entertainment, and recreation industry within the leisure and hospitality sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of Connecticut's tourism and entertainment-related industries, which are important contributors to the state's economy.
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 and economists use this trend to monitor the impact of economic factors and government policies on the leisure and hospitality sector in Connecticut.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Connecticut (SMU09000007071000001A), retrieved from FRED.