Average Weekly Earnings of All Employees: Goods Producing in Hawaii
SMU15000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,748.02
Year-over-Year Change
6.66%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Goods Producing in Hawaii measures the average weekly earnings of workers in the goods-producing sector in Hawaii. This metric is a key indicator of economic activity and household purchasing power 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
This series tracks the average weekly earnings for all employees in Hawaii's goods-producing industries, which include manufacturing, mining, construction, and utilities. It provides insight into wage trends and labor market conditions, which are important factors for policymakers and businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the strength of Hawaii's economy and labor market.
Key Facts
- Hawaii's goods-producing sector accounts for a significant portion of the state's economy.
- Wages in the goods-producing industries can impact consumer spending and business investment.
- This metric is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in Hawaii's goods-producing industries, including manufacturing, mining, construction, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage trends and labor market conditions in Hawaii's key goods-producing sectors, which are important for understanding the state's economic performance and outlook.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of Hawaii's economy and labor market, which can inform decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Hawaii (SMU15000000600000011), retrieved from FRED.