Production or Nonsupervisory Employees: Financial Activities in Hawaii
SMU15000005500000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.70
Year-over-Year Change
5.61%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the financial activities sector in Hawaii. It provides insights into the labor market and economic conditions within this key 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
The production or nonsupervisory employees metric offers a granular view of employment trends in the financial activities sector, which includes industries like banking, insurance, and real estate. This data point is used by economists and policymakers to analyze workforce dynamics and overall economic health in Hawaii.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the strength of Hawaii's financial services industry and its role in the broader state economy.
Key Facts
- Hawaii's financial activities sector employs over 50,000 workers.
- Employment in this sector has grown by 12% over the past decade.
- The financial activities industry accounts for 7% of Hawaii's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the financial activities sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into workforce dynamics and the health of Hawaii's financial services industry, which is a key component of the state's economy.
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 trend to monitor the strength of Hawaii's financial sector and its role in the broader state economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical one-month lag.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Financial Activities in Hawaii (SMU15000005500000006A), retrieved from FRED.