Finance and Insurance Earnings in Hawaii
HIEFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,992,654.00
Year-over-Year Change
0.20%
Date Range
1/1/1998 - 1/1/2025
Summary
The Finance and Insurance Earnings in Hawaii trend measures the total earnings of workers in the finance and insurance industries within the state of Hawaii. This metric is important for economists and policymakers to understand the relative strength and contribution of the finance sector to Hawaii's 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 Finance and Insurance Earnings in Hawaii trend represents the total compensation, including wages and salaries, for employees working in the finance and insurance industries across the state. This data is used to analyze the relative size and importance of the finance sector within Hawaii's overall economic landscape.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in finance and insurance earnings provide insights into the health and competitiveness of Hawaii's financial markets and services industry.
Key Facts
- Hawaii's finance and insurance sector accounts for over 5% of the state's total employment.
- Finance and insurance earnings in Hawaii have grown by 20% over the past decade.
- The finance and insurance industry is the third-largest private sector employer in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The Finance and Insurance Earnings in Hawaii trend measures the total compensation, including wages and salaries, for employees working in the finance and insurance industries across the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Trends in finance and insurance earnings provide insights into the health and competitiveness of Hawaii's financial markets and services industry, which is an important component of the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand the relative strength and contribution of the finance sector to Hawaii's economy, which can inform decisions related to economic development, workforce planning, and regulatory oversight.
Q: Are there update delays or limitations?
A: The Finance and Insurance Earnings in Hawaii data is published quarterly with a delay of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Finance and Insurance Earnings in Hawaii (HIEFIN), retrieved from FRED.