All Employees: Information in Hawaii
SMU15000005000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
-4.71%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Information in Hawaii' trend measures the total nonfarm employment in the information industry sector for the state of Hawaii. This metric is a key indicator of economic activity and labor market conditions in this important economic 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 information industry includes companies and workers involved in publishing, telecommunications, data processing, and other information-related services. Tracking employment levels in this sector provides insights into the overall strength of Hawaii's economy and can inform economic and policy decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Hawaii's information industry and make informed decisions about economic policies and investments.
Key Facts
- Hawaii's information industry employs over 20,000 workers.
- Employment in the information sector has grown by 5% over the past 5 years.
- The information industry accounts for nearly 4% of Hawaii's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Information in Hawaii' trend measures the total number of nonfarm employees in the information industry sector for the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and performance of Hawaii's information industry, which is a key component of the state's economy. It is relevant for policymakers, economists, and businesses interested in understanding labor market conditions and economic trends in Hawaii.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Hawaii's information industry and make informed decisions about economic policies, investments, and initiatives that support this important sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, All Employees: Information in Hawaii (SMU15000005000000001A), retrieved from FRED.