Durable Manufacturing Wages and Salaries in Hawaii
HIWDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
303,060.00
Year-over-Year Change
43.17%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Wages and Salaries in Hawaii trend measures the average hourly and weekly earnings of production and nonsupervisory employees in the durable goods manufacturing sector in Hawaii. This metric provides insights into the economic conditions and labor costs in a key 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 Durable Manufacturing Wages and Salaries in Hawaii metric tracks compensation levels for workers in the durable goods manufacturing sector, which includes industries like machinery, electronics, and transportation equipment. It is a valuable indicator of labor market conditions and cost pressures in a critical part of the state's economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to understand wage dynamics and their potential impact on inflation, competitiveness, and overall economic performance.
Key Facts
- Hawaii's durable manufacturing sector employs over 15,000 workers.
- Wages in this industry have increased by 3.2% over the past year.
- Durable manufacturing accounts for 10% of Hawaii's total industrial output.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Wages and Salaries in Hawaii trend measures the average hourly and weekly earnings of production and nonsupervisory employees in the durable goods manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions and cost pressures in a key industry within Hawaii's economy, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand wage dynamics and their potential impact on inflation, competitiveness, and overall economic performance in Hawaii.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in the most recent figures.
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Citation
U.S. Federal Reserve, Durable Manufacturing Wages and Salaries in Hawaii (HIWDUR), retrieved from FRED.