Employment Level for Hawaii
EMPLOYHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
648,400.00
Year-over-Year Change
9.01%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for Hawaii tracks the total number of employed persons in the state. It's a key indicator of economic activity and labor market conditions.
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 Employment Level for Hawaii is a monthly statistic published by the U.S. Bureau of Labor Statistics. It measures the total number of employed persons, including those who work full-time, part-time, or are self-employed. This data point is widely used by economists and policymakers to assess the health of Hawaii's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
The Employment Level for Hawaii is closely watched by the Federal Reserve and state government to inform economic and workforce policies.
Key Facts
- Hawaii's employment level reached a record high of 676,700 in December 2019.
- The COVID-19 pandemic caused Hawaii's employment to plummet 17% in 2020.
- Hawaii's unemployment rate peaked at 22.4% in April 2020 during the pandemic.
FAQs
Q: What does the Employment Level for Hawaii measure?
A: The Employment Level for Hawaii tracks the total number of employed persons in the state, including full-time, part-time, and self-employed workers.
Q: Why is the Hawaii employment level relevant for users or analysts?
A: The Hawaii employment level is a key indicator of the state's economic health and labor market conditions. It helps economists, policymakers, and businesses assess the strength of the local economy.
Q: How is the Hawaii employment data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is the Hawaii employment level used in economic policy?
A: The Federal Reserve and Hawaii state government closely monitor the employment level to inform monetary, fiscal, and workforce policies.
Q: Are there any update delays or limitations with this data?
A: The Hawaii employment data is published monthly, with a lag of about one month. There may also be revisions to prior months' figures as more complete survey data becomes available.
Related Trends
Real Gross Domestic Product: Legal Services (5411) in Hawaii
HILEGALRGSP
Total Tax Exemptions Under Age 65 for Hawaii
LT65EXMHI15A647NCEN
Chain-Type Quantity Index for Real GDP: Chemical Manufacturing (325) in Hawaii
HICHEMMANQGSP
Earnings by Place of Work in Hawaii
HIEPLA
State Government Tax Collections, Total Selective Sales Taxes in Hawaii
HITLSLTAX
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Hawaii
HISECCOMINVNGSP
Citation
U.S. Federal Reserve, Employment Level for Hawaii (EMPLOYHI), retrieved from FRED.