Construction Earnings in Mississippi
MSECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,110,491.00
Year-over-Year Change
24.20%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Construction Earnings in Mississippi' trend measures the average weekly earnings of workers in the construction industry in the state of Mississippi. This data provides important insights into the economic conditions and labor market dynamics within the state's construction sector.
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 weekly earnings of employees in the construction industry across Mississippi. It is a key indicator of the economic health and wage growth in one of the state's major industries. Economists and policymakers use this data to assess the competitiveness of Mississippi's construction labor market and its implications for the broader state economy.
Methodology
The data is collected through surveys of construction employers in Mississippi by the U.S. Bureau of Labor Statistics.
Historical Context
The construction earnings trend helps inform economic and workforce development policies in Mississippi.
Key Facts
- Construction is a major industry in Mississippi, employing over 50,000 workers.
- Average weekly earnings in Mississippi construction have risen by 20% over the past decade.
- The construction industry accounts for over 5% of Mississippi's total economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Construction Earnings in Mississippi' trend measures the average weekly earnings of workers employed in the construction industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic conditions and labor market dynamics within Mississippi's construction sector, which is a major industry in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction employers in Mississippi by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The construction earnings trend helps inform economic and workforce development policies in Mississippi, as it reflects the competitiveness of the state's construction labor market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Construction Earnings in Mississippi (MSECON), retrieved from FRED.