All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Delaware
SMU10000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.80
Year-over-Year Change
15.29%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Delaware' metric tracks employment in the arts, entertainment, and recreation sector in Delaware, providing insights into the state's leisure and hospitality 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
This series measures the total number of persons on nonfarm payrolls in the arts, entertainment, and recreation industry in Delaware. It is an important indicator of economic activity and consumer demand in the state's leisure and tourism-related sectors.
Methodology
The data is collected through monthly surveys of nonfarm establishments in Delaware.
Historical Context
This trend is closely watched by policymakers and analysts to gauge the health of Delaware's broader leisure and hospitality industry.
Key Facts
- Delaware's arts, entertainment, and recreation sector employs over 15,000 workers.
- Employment in this sector has grown by 8% over the past 5 years.
- The industry accounts for 3.5% of total nonfarm employment in Delaware.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of persons employed in the arts, entertainment, and recreation industry in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and health of Delaware's leisure and hospitality sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of nonfarm establishments in Delaware by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge consumer demand and economic activity in Delaware's tourism and entertainment-related industries.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, so the most recent figures may not fully reflect the current state of the industry.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Delaware (SMU10000007071000001A), retrieved from FRED.