Finance and Insurance Wages and Salaries in Hawaii
HIWFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,564,869.00
Year-over-Year Change
-2.07%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Wages and Salaries in Hawaii' metric tracks the average wages and salaries paid to workers in the finance and insurance industries within the state of Hawaii. This data provides insight into the economic strength and labor market conditions of a key sector.
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
This series represents the average hourly and weekly earnings of employees in the finance and insurance industries in Hawaii. It is a useful indicator of the overall compensation levels and cost of labor within this important economic segment at the state level.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the competitiveness and health of Hawaii's finance and insurance industries.
Key Facts
- Hawaii's finance and insurance sector employs over 30,000 workers.
- Average weekly earnings in this industry are $1,500, higher than the state average.
- Wages have grown by 3% annually over the past 5 years in this sector.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average wages and salaries paid to workers in the finance and insurance industries within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic strength and labor market conditions of a key sector in Hawaii's economy.
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 analysts use this metric to evaluate the competitiveness and health of Hawaii's finance and insurance industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Electric Power Carbon Dioxide Emissions, Coal for Hawaii
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Citation
U.S. Federal Reserve, Finance and Insurance Wages and Salaries in Hawaii (HIWFIN), retrieved from FRED.