Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Hawaii
SMU15000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.01
Year-over-Year Change
-3.30%
Date Range
1/1/2007 - 6/1/2025
Summary
This trend measures the average hourly earnings of all employees in the private education and health services sector in Hawaii. It provides insights into labor costs and wage growth 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 Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Hawaii tracks the average hourly wage paid to workers in this sector across the state. It is a key economic indicator used by policymakers and analysts to understand labor market dynamics and inflationary pressures.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by economists and policymakers as an input for monetary and fiscal policy decisions.
Key Facts
- Hawaii's private education and health services sector employs over 120,000 workers.
- Average hourly earnings in this sector have risen by 20% over the past decade.
- Wages in this industry tend to be higher than the overall state average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the private education and health services sector in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and wage growth in an important industry, which is valuable information for policymakers and economists.
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 closely watched by economists and policymakers as an input for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Hawaii (SMU15000006500000003), retrieved from FRED.