Average Weekly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Hawaii
SMU15000007072200030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
601.40
Year-over-Year Change
4.40%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the leisure and hospitality sector, specifically in food services and drinking places, within the state of Hawaii. It provides valuable insights into labor costs and wages in a key service industry.
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 Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Hawaii series tracks the average weekly earnings of workers in the food services and drinking places industry, which is a crucial component of Hawaii's leisure and hospitality sector. This data point helps economists and policymakers understand labor market dynamics and cost pressures within the state's service-driven economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, investors, and policymakers to gauge the economic health and wage pressures in Hawaii's labor market, particularly within the tourism and hospitality industries.
Key Facts
- Hawaii's leisure and hospitality sector accounts for over 200,000 jobs.
- Food services and drinking places make up the largest component of the state's leisure and hospitality industry.
- Average weekly earnings in this sector have increased by over 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the food services and drinking places industry, which is a key component of Hawaii's leisure and hospitality sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor costs and wage pressures within a critical service industry in Hawaii, helping economists and policymakers understand the state's economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to gauge the economic health and wage pressures in Hawaii's labor market, particularly within the tourism and hospitality industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Hawaii (SMU15000007072200030), retrieved from FRED.