Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.30
Year-over-Year Change
63.10%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Hawaii. It provides insights into wage growth and labor market conditions in this important 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
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii is a key metric used by economists and policymakers to monitor labor market dynamics and inflationary pressures in this major economic sector. It serves as an indicator of the underlying strength of consumer demand and business activity.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Hawaii's trade, transportation, and utilities sector accounts for over 20% of the state's total employment.
- Wages in this sector have grown by an average of 3.2% annually over the past 5 years.
- The trend is seen as an important barometer of consumer spending power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the trade, transportation, and utilities sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wage growth and labor market conditions in a key economic sector, which is important for understanding consumer demand, inflationary pressures, and the overall health of the Hawaiian 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: This trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions, as it serves as an indicator of economic conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii (SMU15000004000000003A), retrieved from FRED.