Arts, Entertainment and Recreation Earnings in Utah
UTEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,129,013.00
Year-over-Year Change
62.64%
Date Range
1/1/1998 - 1/1/2025
Summary
The Arts, Entertainment and Recreation Earnings in Utah trend measures wages and salaries in the leisure and hospitality sector of Utah's economy. This data provides insight into the health and growth of Utah's recreational and tourism industries.
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 metric tracks earnings, including wages and salaries, for workers in Utah's arts, entertainment and recreation sector. It is a key indicator of economic activity and consumer demand in Utah's leisure and hospitality industries.
Methodology
The data is collected through surveys of Utah businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this metric to understand trends in Utah's tourism-dependent economy.
Key Facts
- Utah's arts, entertainment and recreation sector employs over 100,000 workers.
- Earnings in this sector have grown by over 20% in the past 5 years.
- The arts and recreation industry accounts for 4% of Utah's total economic output.
FAQs
Q: What does this economic trend measure?
A: The Arts, Entertainment and Recreation Earnings in Utah trend measures wages and salaries for workers in Utah's leisure and hospitality industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Utah's recreation and tourism-dependent economy, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Utah businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to understand trends in Utah's tourism industry and make informed decisions about economic development, infrastructure, and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Utah (UTEART), retrieved from FRED.