Mining Wages and Salaries in Mississippi
MSWMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
279,934.00
Year-over-Year Change
0.14%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Wages and Salaries in Mississippi trend measures the average hourly and weekly earnings of workers in the mining industry within the state of Mississippi. This data is important for analyzing the economic health and labor dynamics of the mining 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 represents the average hourly and weekly wages paid to employees in the mining industry in Mississippi. It is a key indicator of labor costs and productivity in this important economic sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to understand the economic competitiveness and labor market conditions in Mississippi's mining industry.
Key Facts
- Mining is a major industry in Mississippi, contributing over $2 billion annually to the state's GDP.
- Average weekly wages in Mississippi's mining sector are 25% higher than the state's overall private-sector average.
- The mining industry employs over 11,000 workers in Mississippi, accounting for 0.9% of the state's total employment.
FAQs
Q: What does this economic trend measure?
A: The Mining Wages and Salaries in Mississippi trend measures the average hourly and weekly earnings of workers in the mining industry within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data is important for analyzing the economic health and labor dynamics of the mining sector in Mississippi, which is a key industry in the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to understand the economic competitiveness and labor market conditions in Mississippi's mining industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag.
Related Trends
Real Gross Domestic Product: Insurance Carriers and Related Activities (524) in Mississippi
MSINSCRARGSP
Covered Employment in Mississippi
MSCEMPLOY
Monthly State Retail Sales: Health and Personal Care Stores in Mississippi
MSRSMS446
90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Mississippi
PPCIUB0T4MS28000A156NCEN
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Mississippi
MSNDURMANQGSP
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Mississippi
MSGOVQQGSP
Citation
U.S. Federal Reserve, Mining Wages and Salaries in Mississippi (MSWMIN), retrieved from FRED.