Average Weekly Hours of All Employees: Leisure and Hospitality in Hawaii
SMU15000007000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.70
Year-over-Year Change
2.41%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Leisure and Hospitality in Hawaii measures the average number of hours worked per week by employees in the leisure and hospitality sector in Hawaii. This metric provides insight into labor market trends and economic activity in the state's service industry.
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
This economic indicator tracks the average number of hours worked per week by all employees, including full-time and part-time workers, in the leisure and hospitality sector in Hawaii. It is used by economists and policymakers to gauge labor market conditions and consumer demand in the state's tourism-dependent economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by businesses, investors, and government officials to monitor the health of Hawaii's crucial leisure and hospitality industry.
Key Facts
- Hawaii's leisure and hospitality sector accounts for over 20% of the state's workforce.
- Average weekly hours peaked at 32.7 in January 2020 before declining due to the COVID-19 pandemic.
- Hawaii's tourism-dependent economy is highly sensitive to changes in this labor market indicator.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average number of hours worked per week by employees in the leisure and hospitality sector in Hawaii, which includes hotels, restaurants, and other tourism-related businesses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and consumer demand in Hawaii's crucial tourism industry, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses in Hawaii closely monitor this indicator to assess the health of the state's tourism-dependent economy and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Leisure and Hospitality in Hawaii (SMU15000007000000002), retrieved from FRED.