Production or Nonsupervisory Employees: Manufacturing in Hawaii
SMU15000003000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
-15.46%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Production or Nonsupervisory Employees: Manufacturing in Hawaii' trend measures the total number of manufacturing employees in Hawaii, excluding supervisory staff. This data provides insight into the health and dynamics of Hawaii'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 monthly count of non-supervisory manufacturing employees in the state of Hawaii. It is an important metric for understanding labor market conditions and productivity in the local manufacturing industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in manufacturing employment are closely watched by policymakers and economists as indicators of economic conditions and potential growth.
Key Facts
- Hawaii's manufacturing sector employs over 13,000 workers.
- Manufacturing accounts for 2% of Hawaii's total employment.
- Nonsupervisory roles make up 85% of manufacturing jobs in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of production and nonsupervisory employees working in the manufacturing sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Trends in manufacturing employment are an important indicator of economic conditions and growth potential in Hawaii's industrial sector.
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: Policymakers and economists monitor manufacturing employment to assess the health of the local economy and inform decisions around economic development and workforce initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing in Hawaii (SMU15000003000000006A), retrieved from FRED.