Average Hourly Earnings of Production Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.81
Year-over-Year Change
59.97%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average hourly wages of production employees in the trade, transportation, and utilities sector in Hawaii. It provides valuable insights into labor market conditions and the cost of living 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 Hourly Earnings of Production Employees: Trade, Transportation, and Utilities in Hawaii is a key economic indicator that reflects the compensation levels for workers in the retail, transportation, and utility industries within the state. This data is used by policymakers, economists, and businesses to gauge the overall strength of the labor market and the cost of doing business in Hawaii.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of Hawaii's economy and inform decisions related to fiscal and monetary policy.
Key Facts
- Hawaii has a large trade, transportation, and utilities sector.
- Wages in this sector can impact the overall cost of living in the state.
- This trend is a key indicator of economic conditions in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages of 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 valuable insights into labor market conditions and the cost of living in Hawaii, which is important for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the health of Hawaii's economy and inform decisions related to fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Bureau of Labor Statistics, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000008A), retrieved from FRED.