Durable Manufacturing Earnings in Hawaii
HIEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
419,310.00
Year-over-Year Change
43.60%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Hawaii trend measures the average weekly earnings of employees in the durable manufacturing sector within the state of Hawaii. This data provides insight into the economic strength and productivity of a key industry in the local 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 Durable Manufacturing Earnings in Hawaii series tracks the average weekly pay for workers employed in the durable goods manufacturing industry across the state. Economists and policymakers analyze this metric to gauge the overall health and competitiveness of Hawaii's manufacturing sector.
Methodology
The data is collected through monthly surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in durable manufacturing earnings are closely monitored by economists and government officials to inform economic and workforce development policies.
Key Facts
- Hawaii's durable manufacturing sector employs over 12,000 workers.
- Durable manufacturing accounts for nearly 10% of Hawaii's total industrial output.
- Average weekly earnings in the sector have risen by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Hawaii trend measures the average weekly earnings of employees working in the durable goods manufacturing industry across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the economic strength and productivity of a key industry in Hawaii's local economy, which is valuable information for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of private establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing earnings are closely monitored by economists and government officials to inform economic and workforce development policies in Hawaii.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag, so the most recent figures may not fully reflect the current state of the industry.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Hawaii (HIEDUR), retrieved from FRED.