Average Hourly Earnings of Production Employees: Trade, Transportation, and Utilities in West Virginia
Annual
SMU54000004000000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.89
Year-over-Year Change
31.37%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual series measures the annual average of monthly civilian employment data for all employees in Hawaii. This metric is a key indicator of labor market conditions and economic activity 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 Annual series from the U.S. Bureau of Labor Statistics tracks the yearly average of total civilian employment in Hawaii. It provides a comprehensive overview of the state's labor force and is used by economists and policymakers to assess economic performance and trends.
Methodology
The data is collected through surveys of business establishments and households by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual employment trend is closely monitored by government agencies, analysts, and businesses to understand broader economic conditions in Hawaii.
Key Facts
- Hawaii's annual employment averaged over 670,000 in 2022.
- The Annual series has been published since 1939.
- Employment levels vary seasonally in Hawaii due to tourism industry.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures the yearly average of total civilian employment in the state of Hawaii, providing a comprehensive overview of the state's labor force.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and labor market conditions in Hawaii, and is closely monitored by government agencies, analysts, and businesses to assess the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual employment trend is used by policymakers and economists to understand broader economic conditions in Hawaii and inform policy decisions related to the state's labor market and economic development.
Q: Are there update delays or limitations?
A: The Annual series is published with a slight delay, as it reflects the yearly average of monthly employment data collected by the Bureau of Labor Statistics.
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Citation
U.S. Bureau of Labor Statistics, Annual (SMU54000004000000008A), retrieved from FRED.