All Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMS15000007072000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.80
Year-over-Year Change
4.27%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in the state of Hawaii. It provides insights into the overall health and labor market conditions of a key industry within Hawaii's economy.
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: Leisure and Hospitality: Accommodation and Food Services in Hawaii data series tracks the total employment levels in this sector, which includes hotels, restaurants, bars, and other tourism-related businesses. This metric is used by economists and policymakers to monitor the performance of Hawaii's vital tourism industry and its contribution to the state's economic growth.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
This trend is closely watched by Hawaii's government, businesses, and economists to gauge the state's economic conditions and the impact of events or policies on the tourism industry.
Key Facts
- Hawaii's tourism industry accounts for over 20% of the state's GDP.
- Accommodation and food services make up the largest sector within Hawaii's leisure and hospitality industry.
- Employment in this sector is highly seasonal, with peak levels during the summer months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of Hawaii's vital tourism industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Hawaii's government, businesses, and economists to gauge the state's economic conditions and the impact of events or policies on the tourism industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii (SMS15000007072000001), retrieved from FRED.