All Employees: Professional and Business Services: Employment Services in Hawaii
SMU15000006056130001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-2.44%
Date Range
1/1/1990 - 7/1/2025
Summary
This trend measures employment in the professional and business services sector, specifically the employment services industry, within the state of Hawaii. It provides insight into the demand for temporary, contract, and staffing services in 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: Employment Services in Hawaii series tracks the number of individuals employed in the employment services industry, which includes temporary help services, professional employer organizations, and placement agencies. This data is used by economists and policymakers to analyze labor market trends and the state of the broader service economy in Hawaii.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for assessing the health of Hawaii's labor market and service-providing industries, which are crucial components of the state's economy.
Key Facts
- Hawaii's employment services industry employs over 10,000 workers.
- Employment in this sector has grown by 20% over the past 5 years.
- The employment services industry accounts for 3% of Hawaii's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the professional and business services sector, specifically the employment services industry, within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the demand for temporary, contract, and staffing services in Hawaii's economy, which is useful for analyzing labor market trends and the state of the broader service sector.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the health of Hawaii's labor market and service-providing industries, which are crucial components of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Employment Services in Hawaii (SMU15000006056130001), retrieved from FRED.