All Employees: Education and Health Services in Hawaii
SMU15000006500000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.30
Year-over-Year Change
14.16%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Education and Health Services in Hawaii' series measures the number of nonfarm payroll employees in the education and health services sector in the state of Hawaii. This metric is a key indicator of economic activity and labor market conditions in this important 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 education and health services sector comprises establishments primarily engaged in providing instruction and training, as well as those providing health care and social assistance. This timely employment data is closely monitored by economists and policymakers to assess the overall strength of Hawaii's economy.
Methodology
The data is collected through a monthly survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in education and health services employment are used to inform economic policy decisions and market analysis at the state and national level.
Key Facts
- Hawaii's education and health services sector accounts for over 20% of total nonfarm employment.
- This industry has shown steady growth over the past decade, adding thousands of jobs.
- Hiring in education and health services is less volatile than other major sectors in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Education and Health Services in Hawaii' series measures the number of nonfarm payroll employees in the education and health services sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This timely employment data is closely monitored by economists and policymakers to assess the overall strength of Hawaii's economy, as the education and health services sector is a major driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in education and health services employment are used to inform economic policy decisions and market analysis at the state and national level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Education and Health Services in Hawaii (SMU15000006500000001A), retrieved from FRED.