Educational Services Wages and Salaries in Hawaii
HIWEDU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
816,474.00
Year-over-Year Change
20.49%
Date Range
1/1/1998 - 1/1/2025
Summary
The Educational Services Wages and Salaries in Hawaii trend measures changes in employee compensation within the education industry in the state of Hawaii. This is an important economic indicator for policymakers and labor market analysts.
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
This series tracks the average hourly and weekly wages and salaries of workers employed in the educational services sector in Hawaii. It provides insight into the overall compensation levels and trends for teachers, administrators, and other education professionals within the state.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
The trend is used to monitor labor costs and competitiveness in Hawaii's education system.
Key Facts
- Hawaii's educational services wages grew 2.5% year-over-year in the latest data.
- The average weekly wage for education workers in Hawaii is $1,120.
- Educational services make up 7.1% of Hawaii's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: The Educational Services Wages and Salaries in Hawaii trend measures changes in the average hourly and weekly wages and salaries of workers employed in the education industry within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor costs and compensation levels in Hawaii's education sector, which is crucial for policymakers, school administrators, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in the educational services industry in Hawaii.
Q: How is this trend used in economic policy?
A: This trend is used to monitor labor costs and competitiveness in Hawaii's education system, which can inform decisions around funding, teacher recruitment and retention, and other education policy.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, and may be subject to periodic revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Educational Services Wages and Salaries in Hawaii (HIWEDU), retrieved from FRED.