Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii
SMU15000004100000008A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.78
Year-over-Year Change
98.07%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the average hourly earnings of production employees in the wholesale trade industry in Hawaii. It provides insights into wage dynamics and labor market conditions in this key economic 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
The Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii is a measure of the typical wage paid to production workers in the wholesale trade industry across the state. This metric helps economists and policymakers understand trends in labor costs and competitiveness within Hawaii's wholesale sector.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this trend can inform economic and workforce development policies in Hawaii.
Key Facts
- Hawaii's wholesale trade industry employs over 20,000 workers.
- Average hourly earnings in this sector are typically higher than the statewide private sector average.
- Wage growth in wholesale trade has outpaced overall private industry in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the wholesale trade industry across the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and competitiveness within Hawaii's wholesale sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform economic and workforce development policies in Hawaii.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Wholesale Trade in Hawaii (SMU15000004100000008A), retrieved from FRED.