Administrative and Waste Services Earnings in Hawaii
HIEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,804,044.00
Year-over-Year Change
17.39%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures average weekly earnings in the administrative and waste services industry in Hawaii. It provides insights into wage dynamics in this important sector of the local economy.
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 Administrative and Waste Services Earnings in Hawaii series tracks the average weekly earnings of workers in industries such as office administration, facilities support, waste collection, and remediation services. This metric helps economists and policymakers understand labor market conditions and cost pressures in this part of Hawaii's service economy.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and waste services earnings can inform decisions around economic development, workforce planning, and cost-of-living adjustments.
Key Facts
- Hawaii's administrative and waste services sector employs over 30,000 workers.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- Wage growth has outpaced the overall Hawaii labor market in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of workers in Hawaii's administrative and waste services industries, which include office administration, facilities support, waste collection, and remediation services.
Q: Why is this trend relevant for users or analysts?
A: Trends in administrative and waste services earnings provide insights into labor market conditions and cost pressures in this important service sector of Hawaii's economy, which can inform economic development, workforce planning, and cost-of-living decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists may use this trend to assess the state of Hawaii's service economy, understand cost-of-living dynamics, and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delay in publication compared to the reference period.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Hawaii (HIEADM), retrieved from FRED.