Production or Nonsupervisory Employees: Accommodation and Food Services in Hawaii
SMU15000007072000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.20
Year-over-Year Change
7.37%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the number of production or nonsupervisory employees in the accommodation and food services industry in Hawaii. It provides insights into the health and labor dynamics of a key service sector in the state'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 production or nonsupervisory employees metric tracks the number of workers in non-managerial roles within the accommodation and food services industry in Hawaii. This statistic is useful for analyzing employment trends, labor market conditions, and economic activity in the state's hospitality and tourism-related sectors.
Methodology
The data is collected through the Current Employment Statistics (CES) program by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely watched by policymakers, economists, and industry analysts to understand the performance of Hawaii's service economy.
Key Facts
- Hawaii's accommodation and food services industry employs over 130,000 workers.
- This sector accounts for over 18% of total private employment in the state.
- Employment in this industry has recovered to pre-pandemic levels in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the accommodation and food services industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and labor dynamics of a key service sector in Hawaii's economy, which is crucial for understanding overall economic performance and recovery.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is closely watched by policymakers, economists, and industry analysts to understand the performance of Hawaii's service economy and inform economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into the industry's employment situation.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Accommodation and Food Services in Hawaii (SMU15000007072000006A), retrieved from FRED.