Unemployed: Job Losers for Hawaii
JOBLOSHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,700.00
Year-over-Year Change
-81.03%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Hawaii' metric tracks the number of workers in Hawaii who have lost their jobs, providing valuable insights into the state's labor market dynamics.
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 represents the number of unemployed persons in Hawaii who lost their previous job. It is an important economic indicator used by policymakers and analysts to assess job market health and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to evaluate economic conditions and employment trends in Hawaii.
Key Facts
- Hawaii's job losers reached a peak of 70,000 during the COVID-19 pandemic.
- The job losers metric has shown a steady decline since the peak, indicating gradual labor market recovery.
- Tracking job losers is crucial for policymakers to understand the state's economic conditions and tailor appropriate support measures.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Hawaii' metric measures the number of workers in Hawaii who have lost their jobs, providing insights into the state's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, economists, and analysts to assess the health of Hawaii's labor market and guide policy decisions that can support employment and economic recovery.
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: The Federal Reserve and other institutions use this metric to evaluate economic conditions and employment trends in Hawaii, which informs their policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for minor delays due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Hawaii (JOBLOSHI), retrieved from FRED.