All Employees: Food Services and Drinking Places in Hawaii
SMU15000007072200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.70
Year-over-Year Change
10.43%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Food Services and Drinking Places in Hawaii' trend measures the total number of employees in the food services and drinking places industry in Hawaii. This statistic is a key indicator of economic activity and consumer demand 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
This series tracks the total number of employees, both full-time and part-time, in establishments that provide food and drink services in Hawaii, such as restaurants, bars, and catering companies. It is an important metric for monitoring the health of Hawaii's tourism-dependent economy.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the strength of Hawaii's consumer-facing industries and inform decisions around economic stimulus, labor regulations, and tourism promotion.
Key Facts
- Hawaii's food services and drinking places employ over 100,000 workers.
- The industry accounts for nearly 15% of Hawaii's total non-farm employment.
- Employment in this sector typically peaks during the summer tourist season.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees, both full-time and part-time, in the food services and drinking places industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of economic activity and consumer demand in Hawaii's tourism-dependent hospitality sector, this trend is closely watched by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments 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 assess the strength of Hawaii's consumer-facing industries and inform decisions around economic stimulus, labor regulations, and tourism promotion.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Food Services and Drinking Places in Hawaii (SMU15000007072200001A), retrieved from FRED.