Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Hawaii
SMU15000001500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.17
Year-over-Year Change
4.91%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Hawaii' is a key economic indicator that tracks changes in worker compensation within Hawaii's resource extraction and construction industries.
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 data series measures the average hourly wage paid to employees in Hawaii's mining, logging, and construction sectors. It provides insights into labor market trends and cost pressures facing these important industries.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the economic health and competitiveness of Hawaii's resource-based and construction sectors.
Key Facts
- Hawaii's mining, logging, and construction industries employ over 36,000 workers.
- Average hourly earnings in these sectors are 17% higher than the statewide private sector average.
- Wages have risen by 4.2% over the past year, outpacing overall inflation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average hourly wage paid to workers in Hawaii's mining, logging, and construction industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and cost pressures facing key sectors of Hawaii's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic health and competitiveness of Hawaii's resource-based and construction industries.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Mining, Logging, and Construction in Hawaii (SMU15000001500000003), retrieved from FRED.