Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMU15000007072000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
690.69
Year-over-Year Change
4.88%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, in the state of Hawaii. It provides insights into labor market conditions and wage dynamics in a key service 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 Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii trend is an important indicator of economic activity and labor market conditions in the Hawaiian tourism and hospitality industry. It tracks the average weekly earnings of production workers, which are often used as a proxy for broader wage trends.
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 policymakers, economists, and industry analysts to assess the overall health and competitiveness of Hawaii's tourism-dependent economy.
Key Facts
- Hawaii's leisure and hospitality sector accounts for over 200,000 jobs.
- Average weekly earnings in this industry are typically lower than the national average.
- Wage trends reflect the seasonality and competitiveness of Hawaii's tourism market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the leisure and hospitality sector, specifically in the accommodation and food services industry, within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market conditions and wage dynamics in a key service industry that is crucial to Hawaii's tourism-dependent 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: This trend is closely monitored by policymakers, economists, and industry analysts to assess the overall health and competitiveness of Hawaii's tourism-dependent economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii (SMU15000007072000030), retrieved from FRED.