All Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMU15000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.30
Year-over-Year Change
4.45%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment levels in the leisure and hospitality sector, specifically the accommodation and food services industry, in the state of Hawaii. It provides valuable insights into the health and recovery of Hawaii's tourism-dependent economy.
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 All Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii metric tracks the number of people employed in hotels, restaurants, bars, and other tourism-related businesses in the state. This data is used by economists and policymakers to monitor the performance and resilience of Hawaii's crucial hospitality industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by government officials, industry analysts, and investors to assess the economic impact of events, policies, and external shocks on Hawaii's tourism-driven economy.
Key Facts
- Hawaii's tourism industry accounts for over 200,000 jobs.
- Accommodation and food services make up over half of Hawaii's leisure and hospitality sector.
- Employment in this sector declined sharply during the COVID-19 pandemic but has since begun to recover.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the accommodation and food services industry, which is a key component of Hawaii's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the health and recovery of Hawaii's tourism-dependent economy, which is a major driver of the state's overall economic performance.
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: Government officials, industry analysts, and investors closely monitor this trend to assess the impact of events, policies, and external shocks on Hawaii's tourism industry and the broader state economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii (SMU15000007072000001), retrieved from FRED.