All Employees: Accommodation in Hawaii
SMU15000007072100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.60
Year-over-Year Change
3.13%
Date Range
1/1/1990 - 1/1/2024
Summary
The All Employees: Accommodation in Hawaii economic trend measures employment in the accommodation industry in Hawaii. This metric is important for understanding the state's tourism-driven economy and assessing the health of the 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 in Hawaii series tracks the total number of people employed in the accommodation industry, which includes hotels, motels, and other lodging establishments across the Hawaiian islands. This data provides insight into the strength and resilience of Hawaii's critical tourism economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to gauge the performance of Hawaii's tourism industry and make informed decisions about economic development and labor market policies.
Key Facts
- Hawaii's tourism industry accounts for over 20% of the state's GDP.
- The accommodation sector employs over 50,000 people in Hawaii.
- Employment in Hawaii's accommodation industry has fluctuated significantly due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Accommodation in Hawaii trend measures the total number of people employed in the accommodation industry in Hawaii, including hotels, motels, and other lodging establishments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and resilience of Hawaii's tourism-driven economy, which is a critical 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 use this trend to gauge the performance of Hawaii's tourism industry and make informed decisions about economic development and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Hawaii
HIPCEPCONDURG
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Hawaii
HIPCEPCVEH
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Hawaii
HIOILGASQGSP
Real Gross Domestic Product: Wholesale Trade (42) in Hawaii
HIWHOLERGSP
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Hawaii
HIARTENTRECQGSP
Real Gross Domestic Product: Paper Manufacturing (322) in Hawaii
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Citation
U.S. Federal Reserve, All Employees: Accommodation in Hawaii (SMU15000007072100001A), retrieved from FRED.