Average Weekly Hours of Production Employees: Retail Trade in Hawaii
SMU15000004200000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.20
Year-over-Year Change
1.53%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by production employees in the retail trade industry in Hawaii. It provides insights into labor demand and productivity in the state's retail sector.
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 metric represents the average number of hours worked per week by production employees in Hawaii's retail trade industry. It is a useful indicator of labor market conditions and business activity in the retail sector.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of Hawaii's retail industry and broader economic conditions.
Key Facts
- Hawaii's retail industry employs over 120,000 workers.
- Average weekly hours in retail trade have declined since the COVID-19 pandemic.
- Retail is a key driver of Hawaii's economy, accounting for over 10% of state GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in Hawaii's retail trade industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor demand and productivity in Hawaii's retail sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health of Hawaii's retail industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Retail Trade in Hawaii (SMU15000004200000007), retrieved from FRED.