All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Hawaii
SMU15000006056000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.90
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry, in the state of Hawaii. It provides insights into the health and growth of a key service-oriented segment of the local 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: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Hawaii trend tracks the monthly employment levels in this industry, which includes a wide range of support services such as office administration, facilities management, and waste collection. This data is used by economists and policymakers to monitor the state's service-sector labor market and inform economic development strategies.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the dynamics of Hawaii's service-based economy and informing policies aimed at supporting the professional and business services sector.
Key Facts
- Hawaii's professional and business services sector employs over 90,000 workers.
- The administrative and support services industry accounts for nearly 60% of this sector's employment.
- Employment in this industry has grown by over 10% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of employees in the professional and business services sector, specifically in the administrative and support and waste management and remediation services industry, in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of a key service-oriented segment of Hawaii's economy, which is crucial for understanding the state's economic dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the dynamics of Hawaii's service-based economy and informing policies aimed at supporting the professional and business services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Hawaii (SMU15000006056000001), retrieved from FRED.