Information Wages and Salaries in Hawaii
HIWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
708,974.00
Year-over-Year Change
1.68%
Date Range
1/1/1998 - 1/1/2025
Summary
The Information Wages and Salaries in Hawaii index measures changes in compensation levels for workers in the information industry in the state of Hawaii. This metric is closely tracked by economists and policymakers to gauge Hawaii's economic performance and competitiveness.
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 Information Wages and Salaries in Hawaii index is a key indicator of labor market conditions in the state's information sector, which includes industries like telecommunications, publishing, and data processing. This data is used to analyze industry wage trends and inform policy decisions around economic development, taxation, and workforce training.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on survey data collected from employers in Hawaii's information industry.
Historical Context
Trends in information sector wages provide insight into the broader economic health of Hawaii and can inform decisions around fiscal, monetary, and labor market policies.
Key Facts
- Hawaii's information sector accounts for over 5% of the state's total employment.
- Information wages in Hawaii have grown by an average of 2.5% annually over the past decade.
- The information industry is a key driver of Hawaii's high-tech and knowledge-based economy.
FAQs
Q: What does this economic trend measure?
A: The Information Wages and Salaries in Hawaii index tracks changes in compensation levels for workers in Hawaii's information industry, including sectors like telecommunications, publishing, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the economic performance and competitiveness of Hawaii's information sector, which is a key driver of the state's high-tech and knowledge-based economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on survey data collected directly from employers in Hawaii's information industry.
Q: How is this trend used in economic policy?
A: Trends in information sector wages in Hawaii inform decisions around fiscal, monetary, and labor market policies, as well as economic development strategies.
Q: Are there update delays or limitations?
A: The Information Wages and Salaries in Hawaii index is published monthly with a 1-2 month lag, providing timely data on labor market conditions in this key industry.
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Citation
U.S. Federal Reserve, Information Wages and Salaries in Hawaii (HIWINF), retrieved from FRED.