Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii
SMU15000004100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.23
Year-over-Year Change
-11.17%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii tracks the average hourly wages paid to production workers in the wholesale trade industry in Hawaii. This metric provides insight into labor market conditions and cost pressures facing businesses 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
This series measures the average hourly wage for production employees, which includes workers involved in the physical production or movement of goods, in the wholesale trade industry across Hawaii. It is an important indicator of worker compensation and labor costs that economists and policymakers use to understand economic trends and make informed decisions.
Methodology
The data is collected through surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the overall health of Hawaii's labor market and economy.
Key Facts
- Wages for production workers in Hawaii's wholesale trade industry.
- Provides insight into labor costs and economic conditions.
- Data collected through establishment surveys by the BLS.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to production employees in the wholesale trade industry across the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and cost pressures facing businesses in Hawaii's wholesale trade sector, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments 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 overall health of Hawaii's labor market and economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or geographic limitations, as the data is collected through surveys of businesses.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii (SMU15000004100000008), retrieved from FRED.