All Employees: Financial Activities in Hawaii
SMU15000005500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.40
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Financial Activities in Hawaii' trend measures the total number of employees in the financial sector in the state of Hawaii. This metric is important for economists and policymakers to assess the health and growth of Hawaii's financial 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 tracks the total employment across all financial activities in Hawaii, including banking, insurance, securities, and real estate. It provides a broad indicator of economic activity and employment dynamics within Hawaii's financial services sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to gauge the performance of Hawaii's financial markets and economy.
Key Facts
- Hawaii's financial sector employs over 35,000 people.
- Employment in financial activities has grown by 8% in Hawaii over the past 5 years.
- The financial industry accounts for nearly 7% of Hawaii's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees across all financial activities in the state of Hawaii, including banking, insurance, securities, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the health and growth of Hawaii's financial industry, which is an important contributor to the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor this trend to gauge the performance of Hawaii's financial markets and economy, which informs their decision-making and investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities in Hawaii (SMU15000005500000001A), retrieved from FRED.