Nondurable Manufacturing Earnings in Hawaii
HIENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
775,935.00
Year-over-Year Change
24.55%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Hawaii trend measures the average weekly earnings of workers in the nondurable manufacturing industry in the state of Hawaii. This metric is important for economists and policymakers to understand wage dynamics and labor market conditions.
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 Nondurable Manufacturing Earnings in Hawaii trend represents the average weekly earnings for employees in the nondurable manufacturing sector, which includes industries like food, apparel, and paper production. This data provides insight into wage levels and changes within a key industry in the Hawaiian economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is utilized by policymakers, analysts, and businesses to monitor labor market trends and guide economic decision-making.
Key Facts
- Hawaii's nondurable manufacturing sector accounts for over 10% of the state's GDP.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- Nondurable manufacturing is a key employer in many Hawaiian communities.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Hawaii trend measures the average weekly earnings of workers in the nondurable manufacturing industry within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage levels and changes in a key sector of the Hawaiian economy, which is useful for policymakers, businesses, and economic analysts.
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 utilize this indicator to monitor labor market conditions and trends, which can inform economic decision-making and policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Hawaii (HIENON), retrieved from FRED.