Other Services (Except Public Administration) Wages and Salaries in Hawaii
HIWOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,778,067.00
Year-over-Year Change
24.71%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Other Services (Except Public Administration) Wages and Salaries in Hawaii' measures the average wages and salaries paid to workers in the other services sector in Hawaii. This data provides insight into economic activity and labor market conditions in the state.
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 'Other Services (Except Public Administration) Wages and Salaries' series tracks the average hourly and weekly earnings of employees in industries like repair and maintenance, personal and laundry services, and religious, grantmaking, civic, and professional organizations. This metric is used by economists and policymakers to assess the broader health of Hawaii's labor market and service-providing industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for understanding Hawaii's economic performance and supporting policy decisions.
Key Facts
- Hawaii's other services sector accounts for about 5% of total state employment.
- Wages in this sector have risen by 20% over the past decade in Hawaii.
- Other services include a diverse range of industries from automotive repair to personal care.
FAQs
Q: What does this economic trend measure?
A: The 'Other Services (Except Public Administration) Wages and Salaries in Hawaii' metric tracks the average hourly and weekly earnings of workers in Hawaii's other services sector, which includes a wide range of industries outside of public administration.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic health and labor market conditions in Hawaii's service-providing industries, which are an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to assess broader economic conditions and labor market trends in Hawaii, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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SMU15000006055000001SA
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Chain-Type Quantity Index for Real GDP: Miscellaneous Manufacturing (339) in Hawaii
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Average Weekly Earnings of Production Employees: Mining, Logging, and Construction in Hawaii
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Citation
U.S. Federal Reserve, Other Services (Except Public Administration) Wages and Salaries in Hawaii (HIWOTH), retrieved from FRED.