Average Hourly Earnings of All Employees: Total Private in Hawaii
SMU15000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.62
Year-over-Year Change
2.96%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Total Private in Hawaii' metric tracks the average hourly wages for private sector workers in Hawaii, providing insight into the state's labor market and cost of living trends.
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 measures the average hourly earnings for all employees in the private sector in Hawaii. It is a key economic indicator used by policymakers, businesses, and analysts to assess wage growth, labor costs, and the overall health of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Wage trends in Hawaii are closely watched by economists and policymakers for their impact on consumer spending, inflation, and the state's competitiveness.
Key Facts
- Hawaii has the highest cost of living among U.S. states.
- Private sector wages in Hawaii have grown steadily in recent years.
- Wage trends in Hawaii impact the state's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private sector employees in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Wage trends in Hawaii are closely watched as they reflect the state's labor market conditions and cost of living, which are important factors for businesses, policymakers, and residents.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Wage data for Hawaii is used by economists and policymakers to assess the state's economic competitiveness, inflationary pressures, and the overall health of the labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Hawaii (SMU15000000500000003), retrieved from FRED.