Average Weekly Hours of Production Employees: Financial Activities in Hawaii
SMU15000005500000007A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.40
Year-over-Year Change
0.55%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the average weekly hours worked by production employees in the financial activities sector in Hawaii. It provides insights into labor market conditions and productivity 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 Weekly Hours of Production Employees: Financial Activities in Hawaii trend tracks the average number of hours worked per week by production employees in the financial activities sector in the state of Hawaii. This data point is used by economists and policymakers to assess labor market dynamics and productivity trends in Hawaii's financial industry.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing labor market conditions, productivity, and the overall health of Hawaii's financial sector.
Key Facts
- Hawaii's financial activities sector employs over 30,000 workers.
- The average weekly hours for production employees in this sector has remained stable around 40 hours.
- This trend provides insights into labor productivity and industry conditions.
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 the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions, productivity, and the overall health of Hawaii's financial industry, which is an important sector of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor market dynamics and productivity in Hawaii's financial sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Financial Activities in Hawaii (SMU15000005500000007A), retrieved from FRED.