Unemployed Persons in Hawaii
LAUST150000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,228.00
Year-over-Year Change
-47.00%
Date Range
1/1/1976 - 1/1/2024
Summary
The Unemployed Persons in Hawaii trend measures the number of people in Hawaii who are actively seeking work but unable to find employment. This key economic indicator is closely watched by policymakers and analysts to assess the state's 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 Unemployed Persons in Hawaii statistic represents the total civilian labor force in the state that is currently jobless but actively looking for work. This metric provides insight into the availability of workers and the overall health of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployed Persons in Hawaii trend is used to inform economic and workforce development policies at the state level.
Key Facts
- Hawaii's unemployment rate is typically lower than the national average.
- The tourism industry is a major employer in Hawaii's economy.
- The COVID-19 pandemic significantly increased unemployment in Hawaii in 2020.
FAQs
Q: What does this economic trend measure?
A: The Unemployed Persons in Hawaii trend measures the number of people in the state who are actively seeking work but unable to find employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor market conditions and overall economic health of Hawaii, which is useful for policymakers and economic analysts.
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 Unemployed Persons in Hawaii trend is used to inform economic and workforce development policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Unemployed Persons in Hawaii (LAUST150000000000004A), retrieved from FRED.