Average Hourly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMU15000007072000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.22
Year-over-Year Change
9.52%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in the state of Hawaii. It provides insight into wage dynamics in a key service-oriented 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 Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii data series tracks changes in the average hourly wages paid to workers in this sector over time. It is a valuable indicator of labor market conditions and consumer spending in the state's tourism-driven economy.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by policymakers, businesses, and economists to assess the economic health of Hawaii's tourism industry.
Key Facts
- Hawaii's tourism industry accounts for over 20% of the state's GDP.
- Wages in the accommodation and food services sector are typically lower than the overall state average.
- Trends in this metric can signal changes in the demand for tourism-related services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics in a key service-oriented industry and is closely watched by policymakers, businesses, and economists to assess the economic health of Hawaii's tourism-driven economy.
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 metric is used by policymakers, businesses, and economists to assess the economic health of Hawaii's tourism industry and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the survey-based data collection process.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii (SMU15000007072000008), retrieved from FRED.