Average Weekly Earnings of All Employees: Professional and Business Services in Hawaii
SMU15000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,332.48
Year-over-Year Change
0.99%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Earnings of All Employees: Professional and Business Services in Hawaii measures the average weekly wages for workers in the professional and business services sector in Hawaii. This data point is an important indicator of economic conditions and purchasing power in the state.
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 series tracks the average weekly earnings for all employees in the professional and business services industry in Hawaii. It provides insight into wage trends and labor market dynamics within this key service sector, which encompasses a range of knowledge-based occupations.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and businesses to understand labor market conditions and consumer spending power in Hawaii.
Key Facts
- Hawaii's professional and business services sector employs over 100,000 workers.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- The sector accounts for nearly 15% of Hawaii's total non-farm employment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average weekly earnings for all employees in the professional and business services industry in Hawaii. It provides insight into wage trends within this key service sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic conditions and purchasing power in Hawaii. It is closely monitored by policymakers, economists, and businesses to understand labor market dynamics.
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 used by policymakers, economists, and businesses to assess labor market conditions and consumer spending power in Hawaii.
Q: Are there update delays or limitations?
A: There may be some time lag in the data reporting, as it is collected through periodic employer surveys.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Hawaii (SMU15000006000000011), retrieved from FRED.