Average Hourly Earnings of All Employees: Leisure and Hospitality in Hawaii
Annual
SMU15000007000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.88
Year-over-Year Change
69.98%
Date Range
1/1/2007 - 1/1/2024
Summary
The Annual series measures the average number of hours worked per year by employees in the U.S. It provides insights into labor market trends and productivity.
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 Annual series represents the average number of hours worked per year by employees across all industries in the United States. This metric is a key indicator of labor market dynamics and can inform economic policymaking.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual series is widely used by economists, policymakers, and businesses to analyze workforce trends and productivity.
Key Facts
- The average number of hours worked per year in the U.S. was 1,791 in 2021.
- Annual hours worked have declined by 3.6% since 2000.
- Productivity, as measured by output per hour, has increased by 22% since 2000.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the average number of hours worked per year by employees in the United States across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market dynamics and can inform economic policymaking, workforce planning, and productivity analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual series is widely used by economists, policymakers, and businesses to analyze workforce trends and productivity, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The Annual series data is published with a lag, typically a few months after the end of the calendar year.
Related Trends
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90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Hawaii
PPCILB0T4HI15000A156NCEN
Number of Identified Exporters to Israel from Hawaii
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Coefficient for Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Hawaii
EMISSCO2CNGRCBHIA
90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Hawaii
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Citation
U.S. Federal Reserve, Annual (SMU15000007000000003A), retrieved from FRED.