Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.68
Year-over-Year Change
2.18%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings for all employees in the trade, transportation, and utilities sector in Hawaii. It provides insight into labor costs and market conditions in a critical 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 Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii series tracks the typical compensation level for workers in this major industry group across the state. It is an important indicator of market competitiveness and can inform business and policy decisions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is used by economists, policymakers, and businesses to analyze labor market dynamics and make informed decisions.
Key Facts
- Hawaii's trade, transportation, and utilities sector employs over 200,000 workers.
- Average hourly earnings in this sector have risen by 25% over the past decade.
- Wage growth in this industry outpaced overall state inflation during the same period.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings for all employees in the trade, transportation, and utilities sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This earnings data provides insight into labor market conditions in a critical part of Hawaii's economy and can inform business planning and economic policy decisions.
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: Economists, policymakers, and businesses use this earnings trend to analyze labor market dynamics and make informed decisions about the trade, transportation, and utilities sector in Hawaii.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in the most recent figures.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000003), retrieved from FRED.