Other Labor Income in Hawaii
HIOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,430.60
Year-over-Year Change
20.48%
Date Range
1/1/1950 - 1/1/2025
Summary
Other Labor Income in Hawaii measures income earned from non-wage sources, such as tips and bonuses, in the state of Hawaii. This metric provides insights into the broader compensation landscape and labor market dynamics.
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
Other Labor Income in Hawaii represents the income earned by workers in Hawaii from sources beyond their base wages or salaries, including tips, bonuses, and other supplemental forms of compensation. This metric offers economists and policymakers a more comprehensive view of the state's labor market and compensation trends.
Methodology
The data is collected through surveys of businesses and households in Hawaii.
Historical Context
This indicator is used to analyze labor market conditions and assess the overall economic well-being of Hawaii's workforce.
Key Facts
- Other Labor Income in Hawaii accounts for approximately 10% of total labor income in the state.
- The trend has shown steady growth over the past decade, reflecting a strengthening labor market.
- Other Labor Income is particularly important in Hawaii's hospitality and service industries.
FAQs
Q: What does this economic trend measure?
A: Other Labor Income in Hawaii measures income earned from non-wage sources, such as tips, bonuses, and other supplemental forms of compensation, in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more comprehensive view of labor market dynamics and overall economic well-being in Hawaii, beyond just base wages or salaries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households in Hawaii.
Q: How is this trend used in economic policy?
A: Other Labor Income in Hawaii is used by economists and policymakers to analyze labor market conditions and assess the overall economic well-being of the state's workforce.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a delay of several weeks following the end of the reference period.
Related Trends
Chain-Type Quantity Index for Real GDP: All Industry Total in Hawaii
HIQQGSP
Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in Hawaii
HIPRIMETMANQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Hawaii
HIPCERECGD
Real Gross Domestic Product: Accommodation and Food Services (72) in Hawaii
HIACCFDRGSP
State Government Tax Collections, Motor Vehicle Operators Licenses in Hawaii
HIMVOPERTAX
All Employees: Other Services in Hawaii
SMU15000008000000001A
Citation
U.S. Federal Reserve, Other Labor Income in Hawaii (HIOOTH), retrieved from FRED.