All Employees: Professional, Scientific, and Technical Services in Hawaii
SMU15000006054000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
9.31%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Professional, Scientific, and Technical Services in Hawaii' trend measures employment in this key economic sector for the state. It provides insight into the strength and growth of Hawaii's knowledge-based industries.
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 economic indicator tracks the total number of employees in professional, scientific, and technical services occupations in Hawaii. It covers a wide range of high-skilled fields such as legal, accounting, architecture, and computer systems design services.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers and economists to gauge the vitality of Hawaii's knowledge-based economy.
Key Facts
- Hawaii's professional services sector accounts for over 10% of total state employment.
- Employment in this sector has grown by 20% over the past decade.
- Legal services and computer systems design are the largest sub-industries.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in professional, scientific, and technical services occupations across Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and growth of Hawaii's knowledge-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 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 economists closely monitor this indicator to assess the vitality of Hawaii's professional services sector and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
Related Trends
All Employees: Leisure and Hospitality: Full-Service Restaurants in Hawaii
SMU15000007072251101SA
Transportation Carbon Dioxide Emissions, All Fuels for Hawaii
EMISSCO2TOTVTCTOHIA
Mining Earnings in Hawaii
HIEMIN
All Employees: Food Services and Drinking Places in Hawaii
SMU15000007072200001A
All Employees: Professional and Business Services in Hawaii
HIPBSVN
All Employees: Government: Federal Government in Hawaii
SMU15000009091000001
Citation
U.S. Federal Reserve, All Employees: Professional, Scientific, and Technical Services in Hawaii (SMU15000006054000001A), retrieved from FRED.