Employed Involuntary Part-Time for Hawaii
INVOLPTEMPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,000.00
Year-over-Year Change
-52.25%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Hawaii' metric measures the number of people in Hawaii who are working part-time jobs but would prefer full-time employment. This is an important economic indicator that provides insights into underemployment 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
This series tracks the number of workers in Hawaii who are employed part-time due to economic reasons, such as slack work or unfavorable business conditions, rather than personal preferences. It serves as a gauge of labor market slack and underutilization of the workforce.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers and economists to assess the overall health of the labor market and inform economic policy decisions.
Key Facts
- Hawaii's involuntary part-time employment rate is currently at X.X%.
- Involuntary part-time work has increased/decreased by Y% in the past Z years.
- High levels of involuntary part-time employment can indicate labor market slack.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Involuntary Part-Time for Hawaii' metric measures the number of people in Hawaii who are working part-time jobs but would prefer full-time employment due to economic reasons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into underemployment and labor market conditions in Hawaii, which is useful for policymakers, economists, and analysts assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess labor market slack and underutilization of the workforce, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the Current Population Survey.
Related Trends
Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii
HINDURMANNGSP
Number of Identified Exporters to Luxembourg from Hawaii
HILUXA475SCEN
Personal Consumption Expenditures: Total for Hawaii
HIPCE
Number of Identified Exporters to Sweden from Hawaii
HISWEA475SCEN
All Employees: Financial Activities: Finance and Insurance in Hawaii
SMS15000005552000001
All Employees: Government: State Government Educational Services in Hawaii
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Hawaii (INVOLPTEMPHI), retrieved from FRED.