Arts, Entertainment and Recreation Earnings in Hawaii
HIEART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,169,283.00
Year-over-Year Change
36.87%
Date Range
1/1/1998 - 1/1/2025
Summary
The Arts, Entertainment and Recreation Earnings in Hawaii trend measures employee earnings in the state's arts, entertainment and recreation sector. This data provides insight into the economic health and growth of Hawaii's creative industries.
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 monthly employee earnings in Hawaii's arts, entertainment and recreation sector, which encompasses a wide range of cultural, entertainment and leisure activities. The data is used by economists and policymakers to analyze trends in this important component of the state's service-based economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Monitoring earnings in the arts, entertainment and recreation sector helps inform economic and tourism policy decisions in Hawaii.
Key Facts
- Hawaii's arts, entertainment and recreation sector accounts for over 3% of the state's total employment.
- Earnings in this sector have grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 25% decline in arts and entertainment earnings in Hawaii in 2020.
FAQs
Q: What does this economic trend measure?
A: The Arts, Entertainment and Recreation Earnings in Hawaii trend tracks monthly employee earnings in the state's arts, entertainment and recreation sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the economic health and growth of Hawaii's creative industries, which are an important component of the state's service-based economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Monitoring earnings in the arts, entertainment and recreation sector helps inform economic and tourism policy decisions in Hawaii.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Earnings in Hawaii (HIEART), retrieved from FRED.