All Employees: Full-Service Restaurants in Hawaii
SMU15000007072251101A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.70
Year-over-Year Change
3.37%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all employees, including full-time and part-time, at full-service restaurants in Hawaii. It provides insight into the health and activity of the restaurant industry in the state.
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: Full-Service Restaurants in Hawaii series tracks the total number of people employed at sit-down restaurants in the state. This data is a key indicator of economic activity, consumer spending, and the overall strength of the hospitality sector.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to monitor the restaurant industry and make informed decisions about economic policies.
Key Facts
- Hawaii has over 6,000 restaurants statewide.
- The restaurant industry employs around 10% of Hawaii's workforce.
- Full-service restaurants account for the majority of restaurant sales in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees, both full-time and part-time, at full-service restaurants in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall health and activity of the restaurant industry in Hawaii, which is a key part of the state's hospitality and tourism-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the restaurant industry and make informed decisions about economic policies that may impact the hospitality sector in Hawaii.
Q: Are there update delays or limitations?
A: The data is published monthly with a delay of several weeks, so it may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, All Employees: Full-Service Restaurants in Hawaii (SMU15000007072251101A), retrieved from FRED.