Average Weekly Hours of Production Employees: Financial Activities in Hawaii
SMU15000005500000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
-1.06%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average weekly hours worked by production employees in the financial activities sector in Hawaii. It provides insight into labor market conditions and business activity in this key 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 Weekly Hours of Production Employees: Financial Activities in Hawaii is an economic indicator that tracks the average number of hours worked per week by production workers in the financial activities sector in the state of Hawaii. This metric is used by economists and policymakers to assess labor market trends and business conditions in the finance industry.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by analysts and policymakers to gauge the health of Hawaii's financial services industry and broader economic conditions.
Key Facts
- Hawaii's financial activities sector accounts for over 6% of the state's total employment.
- The average weekly hours for production workers in this sector have remained relatively stable over the past decade.
- This indicator is a leading predictor of overall economic performance in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by production employees in the financial activities sector in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions and business activity in Hawaii's finance industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge the health of Hawaii's financial services industry and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Financial Activities in Hawaii (SMU15000005500000007), retrieved from FRED.