Average Weekly Hours of All Employees: Total Private in Hawaii
SMU15000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.50
Year-over-Year Change
-1.18%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Hours of All Employees: Total Private in Hawaii' trend measures the average weekly hours worked by private sector employees in the state of Hawaii. This metric is an important indicator of economic activity and labor market conditions.
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 number of hours per week that private sector employees in Hawaii typically work. It is used by economists and policymakers to assess the strength of the state's labor market and make informed decisions about employment, wages, and economic policy.
Methodology
The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly hours provide valuable insights into the overall health of Hawaii's private sector and inform discussions around economic and labor policies.
Key Facts
- Hawaii's private sector employees worked an average of 33.8 hours per week in 2022.
- Average weekly hours in Hawaii's private sector have remained relatively stable over the past decade.
- Changes in average weekly hours can signal shifts in labor demand and economic conditions in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The 'Average Weekly Hours of All Employees: Total Private in Hawaii' trend measures the average number of hours per week worked by private sector employees in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of Hawaii's labor market and overall economic activity, which is valuable information for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours are used by economists and policymakers to assess the health of Hawaii's private sector and inform discussions around employment, wages, and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Hawaii (SMU15000000500000002), retrieved from FRED.