Average Weekly Hours of All Employees: Professional and Business Services in Hawaii
SMU15000006000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.20
Year-over-Year Change
-1.95%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Professional and Business Services in Hawaii metric tracks the average number of hours worked per week by employees in the professional and business services industry in Hawaii.
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 provides insights into the labor market and business activity in Hawaii's professional and business services sector. It is commonly used by economists and policymakers to monitor trends in employment, productivity, and the broader state economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is often referenced in analysis of Hawaii's economic conditions and labor market.
Key Facts
- Hawaii's professional and business services sector accounts for over 15% of the state's GDP.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- The COVID-19 pandemic caused a temporary dip in average weekly hours in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per week by employees in Hawaii's professional and business services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and business activity in a key sector of Hawaii's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is referenced by economists and policymakers to monitor trends in employment, productivity, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of one to two months.
Related Trends
Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Hawaii
EMISSCO2VNGRCBHIA
All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Hawaii
SMS15000007071000001
Regional Price Parities: All Items for Hawaii
HIRPPALL
90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Hawaii
PPCILBAAHI15000A156NCEN
Projected Business Formations Within Eight Quarters: Total for All NAICS in Hawaii
BFPBF8QTOTALNSAHI
State Tax Collections: T10 Alcoholic Beverages Sales Tax for Hawaii
QTAXT10QTAXCAT3HINO
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Professional and Business Services in Hawaii (SMU15000006000000002), retrieved from FRED.