Construction Earnings in Hawaii
HIECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,652,765.00
Year-over-Year Change
25.91%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Earnings in Hawaii trend measures average weekly earnings in the construction industry in the state of Hawaii. This indicator provides insight into economic activity and labor market conditions in a key sector of the Hawaiian 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 Construction Earnings in Hawaii series tracks the average weekly earnings of production and nonsupervisory employees in the construction industry in the state of Hawaii. This metric is used by economists and policymakers to monitor wage and labor market trends in the construction sector, which is an important driver of economic growth in Hawaii.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Construction earnings data is utilized by government agencies, industry groups, and market analysts to assess the health of Hawaii's construction industry and broader economic conditions.
Key Facts
- Hawaii's construction industry accounts for over 6% of the state's GDP.
- Construction earnings in Hawaii have risen by over 20% in the last 5 years.
- The construction sector employs approximately 35,000 workers in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The Construction Earnings in Hawaii trend measures the average weekly earnings of production and nonsupervisory employees in Hawaii's construction industry.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into wage and labor market conditions in a key sector of the Hawaiian economy, which is important for assessing economic growth and activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction earnings data is utilized by government agencies, industry groups, and market analysts to assess the health of Hawaii's construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The construction earnings data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Construction Earnings in Hawaii (HIECON), retrieved from FRED.