Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.70
Year-over-Year Change
2.66%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in the state of Hawaii. This metric provides insights into the labor market and economic activity in this important industry.
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 number of hours worked per week by all employees, including both full-time and part-time workers, in the trade, transportation, and utilities sector in Hawaii. It is a key indicator of economic conditions and labor utilization in this vital part of the state's economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and trends within Hawaii's trade, transportation, and utilities industries.
Key Facts
- Hawaii's trade, transportation, and utilities sector employs over 200,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- Fluctuations in this metric can signal changes in economic conditions and labor demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees, both full-time and part-time, in the trade, transportation, and utilities sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market and economic activity in this important industry, which is a significant part 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: Policymakers and analysts use this metric to assess the health and trends within Hawaii's trade, transportation, and utilities industries, which can inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of one to two months.
Related Trends
Projected Business Formations Within Eight Quarters: Total for All NAICS in Hawaii
BFPBF8QTOTALNSAHI
Real Gross Domestic Product: Retail Trade (44-45) in Hawaii
HIRETAILRGSP
All Employees: Transportation and Utilities: Air Transportation in Hawaii
SMU15000004348100001SA
Real Gross Domestic Product: All Industry Total in Hawaii
HIRQGSP
Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Hawaii
HIHLTHSOCASSQQGSP
Spliced Business Formations Within Four Quarters: Total for All NAICS in Hawaii
BFSBF4QTOTALNSAHI
Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000002A), retrieved from FRED.