All Employees: Private Service Providing in Hawaii
SMS15000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470.30
Year-over-Year Change
2.53%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in Hawaii. It is a key indicator of the state's economic health 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 All Employees: Private Service Providing in Hawaii metric tracks the total employment in Hawaii's private service sector, which includes industries like trade, transportation, utilities, information, financial activities, professional services, and more. It provides insights into the overall strength and composition of the state's economy.
Methodology
The data is collected through a monthly survey of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand Hawaii's economic performance and make informed decisions.
Key Facts
- Hawaii's private service sector employs over 500,000 workers.
- The service sector accounts for over 80% of Hawaii's total private employment.
- Private service-providing jobs in Hawaii have steadily increased since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private service-providing employees in the state of Hawaii, across industries like trade, transportation, utilities, information, financial activities, and professional services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall strength and composition of Hawaii's economy, as the service sector is a major driver of the state's economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor this trend to understand Hawaii's economic performance and make informed decisions about investment, workforce planning, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Hawaii (SMS15000000800000001), retrieved from FRED.