State Minimum Wage Rate for Hawaii
STTMINWGHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
93.10%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Hawaii tracks the minimum hourly wage set by the state government. This metric is crucial for analyzing labor market dynamics and income inequality.
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 State Minimum Wage Rate for Hawaii represents the lowest legal hourly pay that employers in the state must provide to their workers. Policymakers and researchers use this data to assess the economic impacts of minimum wage changes.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
Minimum wage policies are a key tool for addressing income inequality and supporting low-wage workers.
Key Facts
- Hawaii's minimum wage is currently $12.00 per hour.
- The state has raised its minimum wage several times in the past decade.
- Minimum wage is a key policy tool for addressing income inequality.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Hawaii measures the lowest legal hourly pay that employers in the state must provide to their workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing labor market dynamics and income inequality, as minimum wage policies are a key tool for supporting low-wage workers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this data to assess the economic impacts of minimum wage changes and inform policies aimed at addressing income inequality.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Labor Statistics, but there may be some delays in reporting the latest minimum wage changes.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Hawaii (STTMINWGHI), retrieved from FRED.