Average Weekly Hours of Production Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.20
Year-over-Year Change
9.37%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by production employees in the trade, transportation, and utilities sector in Hawaii. It provides insights into labor market conditions and economic activity in the state.
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 worked by production employees is an important economic indicator that reflects the demand for labor and the overall health of the sector. It can be used to analyze employment trends, productivity, and the utilization of the workforce.
Methodology
The data is collected through surveys of businesses and establishments in the trade, transportation, and utilities sector in Hawaii.
Historical Context
This trend is relevant for policymakers, economists, and businesses to understand the state of the Hawaiian economy and make informed decisions.
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 trend can signal changes in consumer demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by production employees in the trade, transportation, and utilities sector in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and the overall health of the Hawaiian economy, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the trade, transportation, and utilities sector in Hawaii.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to understand the state of the Hawaiian economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000007A), retrieved from FRED.