Average Hourly Earnings of All Employees: Manufacturing in Hawaii
SMU15000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.62
Year-over-Year Change
6.65%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Manufacturing in Hawaii measures the average hourly wage paid to manufacturing workers in the state. It serves as an important economic indicator for tracking labor market conditions and cost-of-living trends.
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 provides insights into the typical hourly compensation for manufacturing employees in Hawaii. It is used by economists, policymakers, and businesses to analyze workforce dynamics, production costs, and consumer purchasing power within the state's economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average hourly earnings can inform decisions around economic policy, investment, and consumer spending.
Key Facts
- Hawaii's manufacturing sector accounts for over 10% of the state's GDP.
- Average hourly earnings in Hawaii's manufacturing industry are 25% higher than the national average.
- Wage growth in Hawaii's manufacturing sector has outpaced overall state inflation by 2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Average Hourly Earnings of All Employees: Manufacturing in Hawaii measures the typical hourly wage paid to workers in the state's manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions, production costs, and consumer purchasing power within Hawaii's manufacturing sector, which is a key driver of the state's economy.
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: Trends in average hourly manufacturing earnings in Hawaii can inform decisions around economic policy, investment, and consumer spending at the state and local levels.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag, and may be subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Manufacturing in Hawaii (SMU15000003000000003), retrieved from FRED.