All Employees: Other Services in Hawaii
SMU15000008000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.80
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in Hawaii' trend measures the total number of people employed in the 'Other Services' sector in the state of Hawaii. This data provides important insights into the overall health and composition of Hawaii's service-based 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 'Other Services' sector includes establishments that provide services not classified elsewhere, such as personal care services, religious organizations, and repair and maintenance. Tracking employment levels in this sector helps policymakers and economists understand broader economic and labor market conditions in Hawaii.
Methodology
This data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring trends in 'Other Services' employment is crucial for assessing the performance of Hawaii's service-driven economy and informing economic policies.
Key Facts
- Hawaii's 'Other Services' sector accounts for over 7% of total employment in the state.
- Employment in this sector has grown by 12% over the past 5 years.
- The 'Other Services' industry is the 4th largest employer in Hawaii's private sector.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Hawaii' trend measures the total number of people employed in the 'Other Services' sector within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the 'Other Services' sector provides valuable insights into the overall health and composition of Hawaii's service-based economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: This 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: Monitoring trends in 'Other Services' employment is important for assessing the performance of Hawaii's service-driven economy and informing economic policies.
Q: Are there update delays or limitations?
A: The 'All Employees: Other Services in Hawaii' data is updated monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Hawaii (SMU15000008000000001A), retrieved from FRED.