Average Hourly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Hawaii
SMU15000007072200008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.31
Year-over-Year Change
3.19%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the leisure and hospitality sector, specifically in food services and drinking places, within the state of Hawaii. It provides valuable insights into the labor market and cost pressures 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 trend for this sector reflects the compensation levels of workers directly involved in the production of goods and services. It is a key indicator of labor costs and can signal changes in the competitiveness of the Hawaiian food services and drinking places industry.
Methodology
The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand broader employment and inflationary dynamics in the Hawaiian economy.
Key Facts
- Hawaii's leisure and hospitality sector accounts for a significant portion of the state's economy.
- Food services and drinking places are a major employer within the leisure and hospitality industry.
- Tracking average hourly earnings helps monitor labor cost pressures in this crucial sector.
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 in food services and drinking places, within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and the competitiveness of the Hawaiian food services and drinking places industry, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand broader employment and inflationary dynamics in the Hawaiian economy.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential limitations as other economic indicators collected by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Leisure and Hospitality: Food Services and Drinking Places in Hawaii (SMU15000007072200008), retrieved from FRED.