Finance and Insurance Wages and Salaries in Mississippi
MSWFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,920,009.00
Year-over-Year Change
21.88%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Finance and Insurance Wages and Salaries in Mississippi' series tracks the average wages and salaries of workers in the finance and insurance industry within the state of Mississippi. This data is a key indicator of the economic health and competitiveness of Mississippi's financial 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 metric provides insights into the compensation levels for finance and insurance professionals in Mississippi, which is an important factor for business location decisions, talent attraction, and industry analysis. The data is widely used by economists, policymakers, and industry analysts to benchmark trends and compare Mississippi's finance and insurance compensation to other states.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The finance and insurance industry wages in Mississippi are monitored closely by state economic development agencies and industry groups to evaluate the state's competitiveness in attracting and retaining financial services jobs.
Key Facts
- Mississippi's finance and insurance wages averaged $64,800 in 2021.
- The industry accounted for over 50,000 jobs in Mississippi in 2021.
- Finance and insurance wages in Mississippi are 12% below the national average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average wages and salaries paid to workers in the finance and insurance industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the compensation levels and competitiveness of Mississippi's finance and insurance sector, which is crucial for business location decisions, talent attraction, and industry analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The finance and insurance industry wages in Mississippi are closely monitored by state economic development agencies and industry groups to evaluate the state's competitiveness in attracting and retaining financial services jobs.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Finance and Insurance Wages and Salaries in Mississippi (MSWFIN), retrieved from FRED.