Production or Nonsupervisory Employees: Food Services and Drinking Places in Hawaii
SMU15000007072200006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.90
Year-over-Year Change
7.68%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the number of production or nonsupervisory employees in the food services and drinking places industry in Hawaii. It provides insights into the labor market and economic activity in this important 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 Production or Nonsupervisory Employees: Food Services and Drinking Places in Hawaii indicator tracks the employment levels of nonsupervisory workers in the food service and beverage industry in the state of Hawaii. This data is used by economists and policymakers to monitor the health of the hospitality and tourism sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for understanding consumer demand, labor market trends, and the overall economic conditions in Hawaii.
Key Facts
- Hawaii's food services and drinking places industry employs over 100,000 workers.
- Nonsupervisory roles make up over 90% of total employment in this sector.
- Employment in this industry is highly seasonal and sensitive to tourism trends.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of production or nonsupervisory employees in the food services and drinking places industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Hawaii's hospitality and tourism sectors, which are crucial to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor consumer demand, labor market trends, and overall economic conditions in Hawaii.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Food Services and Drinking Places in Hawaii (SMU15000007072200006A), retrieved from FRED.