All Employees: Professional and Business Services in Hawaii
HIPBSVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.50
Year-over-Year Change
-1.40%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Hawaii' trend measures employment in the professional and business services sector in Hawaii. This indicator provides insights into the health and growth of the state's service-based 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 professional and business services sector encompasses a wide range of high-skilled occupations, including legal, accounting, engineering, and management consulting services. This employment trend serves as an important barometer for Hawaii's economic performance and competitiveness.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this indicator to gauge the strength of Hawaii's service-based industries and inform economic development strategies.
Key Facts
- Hawaii's professional and business services sector accounts for over 15% of total state employment.
- Employment in this sector has grown by 12% in the past 5 years.
- The COVID-19 pandemic led to a 6% decline in professional and business services jobs in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Hawaii' trend measures the number of people employed in the professional and business services sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and growth of Hawaii's service-based 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 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 indicator to gauge the strength of Hawaii's professional and business services sector and inform economic development strategies for the state.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months, so it may not reflect the most recent economic conditions.
Related Trends
90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Hawaii
PPCILBAAHI15000A156NCEN
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Hawaii
HIDURMANRGSP
Housing Inventory: Median Listing Price Month-Over-Month in Hawaii
MEDLISPRIMMHI
Average Hourly Earnings of Production Employees: Retail Trade in Hawaii
SMU15000004200000008
Production or Nonsupervisory Employees: Food Services and Drinking Places in Hawaii
SMU15000007072200006A
All Employees: Financial Activities in Hawaii
SMU15000005500000001A
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Hawaii (HIPBSVN), retrieved from FRED.