Average Weekly Hours of Production Employees: Retail Trade in Hawaii
SMU15000004200000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.80
Year-over-Year Change
0.00%
Date Range
1/1/2001 - 1/1/2024
Summary
The Average Weekly Hours of Production Employees: Retail Trade in Hawaii is an economic indicator that measures the average number of hours worked per week by production employees in the retail trade industry in Hawaii.
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 metric provides insights into labor market conditions and the overall health of the retail sector in Hawaii. It is used by economists, policymakers, and business analysts to understand trends in productivity, labor demand, and consumer spending.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is closely watched as a gauge of economic activity and consumer confidence in Hawaii.
Key Facts
- The series has been tracked since 1939.
- Hawaii's retail sector accounts for a significant portion of the state's economy.
- The indicator is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of Production Employees: Retail Trade in Hawaii measures the average number of hours worked per week by production employees in the retail trade industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market conditions and the overall health of the retail sector in Hawaii, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by economists, policymakers, and business analysts as a gauge of economic activity and consumer confidence in Hawaii, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, and there may be minor delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Retail Trade in Hawaii (SMU15000004200000007A), retrieved from FRED.