Average Weekly Earnings of Production Employees: Manufacturing in Hawaii
SMU15000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,252.22
Year-over-Year Change
6.03%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Weekly Earnings of Production Employees: Manufacturing in Hawaii' measures the average weekly earnings of manufacturing production workers in Hawaii. This metric provides insights into wage trends and labor costs in the state's manufacturing sector.
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 of production and nonsupervisory employees in the manufacturing industry in Hawaii. The data is used by economists and policymakers to analyze labor market conditions, productivity, and the overall economic health of the state's manufacturing sector.
Methodology
The data is collected through monthly surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings can inform decisions on minimum wage, taxes, and other economic policies.
Key Facts
- Hawaii's manufacturing sector accounts for about 2% of the state's GDP.
- Average weekly earnings in Hawaii's manufacturing industry are typically higher than the national average.
- The data is released monthly with a one-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and nonsupervisory employees in the manufacturing industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage trends and labor costs in Hawaii's manufacturing sector, which can inform economic policies and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly earnings can inform decisions on minimum wage, taxes, and other economic policies that impact the manufacturing industry in Hawaii.
Q: Are there update delays or limitations?
A: The data is released monthly with a one-month lag, so the most recent figures may not reflect the current economic conditions.
Similar SMU Trends
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Hawaii
HIGOVQQGSP
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Hawaii
HIPCEPCRECGD
Electric Power Carbon Dioxide Emissions, Coal for Hawaii
EMISSCO2TOTVECCOHIA
All Employees: Health Care: Ambulatory Health Care Services in Hawaii
SMU15000006562100001A
Real Gross Domestic Product: Paper Manufacturing (322) in Hawaii
HIPAPMANRGSP
Value-Added Output for Private Nonfarm in Hawaii
IPUZNT300150000
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Hawaii (SMU15000003000000030), retrieved from FRED.