Average Weekly Earnings of All Employees: Manufacturing in Hawaii
SMU15000003000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,200.65
Year-over-Year Change
66.55%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Manufacturing in Hawaii measures the average weekly earnings of workers in the manufacturing sector in Hawaii. This metric provides insight into labor costs and productivity trends in the state's manufacturing industry.
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 data series tracks the average weekly earnings of all employees in the manufacturing sector in Hawaii. It serves as an important indicator of labor market conditions, compensation levels, and productivity within Hawaii's manufacturing industry.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this metric to assess the health and competitiveness of Hawaii's manufacturing sector.
Key Facts
- Hawaii's manufacturing sector accounts for around 2% of the state's GDP.
- Average weekly earnings in Hawaii's manufacturing industry have increased by 15% over the past decade.
- Manufacturing is the fourth-largest private employment sector in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the manufacturing sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and productivity trends in Hawaii's manufacturing industry, which is 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 monitor this metric to assess the health and competitiveness of Hawaii's manufacturing sector.
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 Weekly Earnings of All Employees: Manufacturing in Hawaii (SMU15000003000000011A), retrieved from FRED.