Mining Earnings in Hawaii
HIEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,298.00
Year-over-Year Change
27.71%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Earnings in Hawaii series measures the average weekly earnings of workers in the mining industry in the state of Hawaii. This metric is important for understanding economic conditions and trends within Hawaii's resource extraction sector.
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 Mining Earnings in Hawaii data represents the average weekly pay for employees in the mining and quarrying industries located in the state of Hawaii. This statistic is a key indicator of labor market conditions and can provide insights into the overall health and productivity of Hawaii's resource extraction economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the performance and competitiveness of Hawaii's mining industry.
Key Facts
- Mining is a small but important sector in Hawaii's economy.
- Average weekly earnings in Hawaii's mining industry exceed the statewide private sector average.
- Mining earnings data helps track the industry's competitiveness and economic contribution.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in Hawaii series measures the average weekly earnings of workers employed in the mining and quarrying industries located in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market conditions and productivity within Hawaii's resource extraction sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys 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 evaluate the performance and competitiveness of Hawaii's mining industry, which can inform decisions related to economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The Mining Earnings in Hawaii data is published on a monthly basis, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Mining Earnings in Hawaii (HIEMIN), retrieved from FRED.