All Employees: Accommodation and Food Services in Hawaii
SMU15000007072000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.30
Year-over-Year Change
7.59%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the accommodation and food services industry in Hawaii. It provides insights into the labor market and overall economic activity in the state's hospitality sector.
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: Accommodation and Food Services in Hawaii indicator tracks the total number of people employed in hotels, restaurants, and other hospitality businesses across the state. This data is used by economists and policymakers to analyze workforce trends, consumer demand, and the health of Hawaii's tourism-dependent economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by Hawaii's government, industry groups, and financial analysts as a barometer of the state's economic performance.
Key Facts
- Hawaii's accommodation and food services industry accounts for over 100,000 jobs.
- Employment in this sector increased by 4.2% in 2022 compared to the prior year.
- The hospitality industry represents approximately 21% of Hawaii's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of people employed in the accommodation and food services industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and performance of Hawaii's crucial tourism-dependent economy, which is a major driver of the state's overall economic activity.
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: This metric is closely monitored by Hawaii's government, industry groups, and financial analysts as a key indicator of the state's economic performance and the vitality of its tourism sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, All Employees: Accommodation and Food Services in Hawaii (SMU15000007072000001A), retrieved from FRED.