Average Weekly Hours of Production Employees: Accommodation and Food Services in Hawaii
SMU15000007072000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.40
Year-over-Year Change
-10.20%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by production employees in the accommodation and food services industry in Hawaii. It provides insights into labor market dynamics and 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 Average Weekly Hours of Production Employees: Accommodation and Food Services in Hawaii trend tracks the average number of hours worked per week by production workers in this industry. This data point is used by economists and policymakers to analyze labor market conditions and gauge the strength of the hospitality sector in Hawaii.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the health of Hawaii's tourism-dependent economy and informing policy decisions.
Key Facts
- Hawaii's accommodation and food services industry employs over 120,000 workers.
- The average workweek in this sector is around 30 hours.
- This trend has fluctuated with changes in tourism and economic conditions in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the accommodation and food services industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and economic activity in Hawaii's crucial hospitality sector, which is a major driver of the state's economy.
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: This trend is relevant for understanding the health of Hawaii's tourism-dependent economy and informing policy decisions related to the hospitality industry.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other labor market statistics published by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Accommodation and Food Services in Hawaii (SMU15000007072000007A), retrieved from FRED.