All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.50
Year-over-Year Change
0.69%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend tracks the total number of employees in the trade, transportation, and utilities sector in Hawaii. It provides insights into the state's labor market and economic activity.
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: Trade, Transportation, and Utilities in Hawaii series measures the total nonfarm employment in this key industry group within the state. This metric is closely monitored by economists and policymakers to assess the strength and resilience of Hawaii's economy.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in trade, transportation, and utilities employment are crucial indicators of consumer demand, supply chain dynamics, and infrastructure utilization in Hawaii.
Key Facts
- Hawaii's trade, transportation, and utilities sector accounts for over 20% of total nonfarm employment.
- Employment in this sector has grown by 8% over the past 5 years.
- The COVID-19 pandemic led to a 12% decline in trade, transportation, and utilities jobs in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the trade, transportation, and utilities industry sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and resilience of Hawaii's economy, as the trade, transportation, and utilities sector is a key driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in trade, transportation, and utilities employment are closely monitored by policymakers and economists to assess consumer demand, supply chain dynamics, and infrastructure utilization in Hawaii.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000001A), retrieved from FRED.