Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.10
Year-over-Year Change
2.03%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the trade, transportation, and utilities sector in Hawaii. It provides insights into labor market conditions and productivity in this important part of the state's economy.
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
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii series tracks the average number of hours per week worked by workers in this key service-providing industry. It is used by economists and policymakers to assess labor market trends and productivity in this sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by analysts and policymakers to gauge the health of Hawaii's economy and inform decisions around fiscal and monetary policy.
Key Facts
- Hawaii's trade, transportation, and utilities sector accounts for over 20% of the state's employment.
- Average weekly hours in this sector have remained relatively stable over the past decade.
- Trends in this metric can signal changes in consumer demand and supply chain dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours per week worked by employees in Hawaii's trade, transportation, and utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and productivity in a key service-providing industry, which is important for understanding the overall health of Hawaii'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 weekly hours in this sector are closely monitored by analysts and policymakers to gauge labor market conditions and inform decisions around fiscal and monetary policy in Hawaii.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is dependent on the survey collection and publication schedule of the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000002), retrieved from FRED.