Average Weekly Hours of All Employees: Manufacturing in Hawaii
SMU15000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.50
Year-over-Year Change
0.26%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Manufacturing in Hawaii' series measures the average number of hours worked per week by manufacturing employees in the state of Hawaii. This metric is a key indicator of labor utilization and productivity in the state's manufacturing 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
This series tracks the average weekly hours worked by all employees in the manufacturing industry in Hawaii. It is an important economic indicator that can signal changes in production, labor demand, and overall business conditions in the state's manufacturing sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the health and outlook of Hawaii's manufacturing industry.
Key Facts
- Hawaii's manufacturing sector accounts for approximately 2% of the state's GDP.
- Average weekly hours in Hawaii manufacturing have remained relatively stable over the past decade.
- Manufacturing is a key component of Hawaii's diversified economy.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Manufacturing in Hawaii' series measures the average number of hours worked per week by manufacturing employees in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor utilization and productivity in Hawaii's manufacturing sector, providing insights into production, labor demand, and overall business conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health and outlook of Hawaii's manufacturing industry, which is an important component of the state's diversified economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in Hawaii (SMU15000003000000002), retrieved from FRED.