Civilian Labor Force for Hawaii
CIVLFHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
668,500.00
Year-over-Year Change
3.29%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Hawaii measures the total number of people in Hawaii who are employed or actively seeking work. It is a key indicator of economic activity and labor market health in the state.
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 Civilian Labor Force for Hawaii tracks the size of the state's working-age population that is actively engaged in the labor market, either through employment or job seeking. It is a foundational economic statistic used to analyze Hawaii's economic conditions and trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, businesses, and analysts to gauge the strength of Hawaii's economy and labor market.
Key Facts
- Hawaii's civilian labor force totaled 671,200 in January 2023.
- The labor force participation rate in Hawaii was 62.5% in January 2023.
- Hawaii's unemployment rate stood at 3.6% in January 2023.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Hawaii measures the total number of people in the state who are employed or actively looking for work.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the strength and health of Hawaii's labor market and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor the Civilian Labor Force for Hawaii to gauge the state's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
Gross Domestic Product: Private Goods-Producing Industries in Hawaii
HIPRIGOODPRONGSP
Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Hawaii
HIPRFRMSPRTMSMNGSP
Value of Exports to Sweden from Hawaii
HISWEA052SCEN
Value of Exports to Mexico from Hawaii
HIMEXA052SCEN
Professional and Technical Services Earnings in Hawaii
HIEPRO
Real Gross Domestic Product: Information (51) in Hawaii
HIINFORGSP
Citation
U.S. Federal Reserve, Civilian Labor Force for Hawaii (CIVLFHI), retrieved from FRED.