Average Weekly Hours of All Employees: Goods Producing in Mississippi
SMU28000000600000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
3.50%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the goods-producing sector in Mississippi. It provides insight into labor market conditions and production activity in the state.
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 Hours of All Employees: Goods Producing in Mississippi is a key economic indicator that tracks the average number of hours worked per week by employees in industries like manufacturing, construction, and mining within the state. It serves as a proxy for production levels and labor demand.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and businesses to assess the overall health and direction of Mississippi's goods-producing economy.
Key Facts
- Mississippi's goods-producing sector accounts for over 20% of the state's total employment.
- Average weekly hours peaked at 43.6 in 2018 and have since declined to around 42 hours.
- Trends in this metric often coincide with changes in overall economic activity in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the goods-producing industries, such as manufacturing, construction, and mining, within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the production levels and labor demand in Mississippi's goods-producing sector, which is a significant contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this trend to assess the health and direction of Mississippi's goods-producing economy, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Goods Producing in Mississippi (SMU28000000600000002), retrieved from FRED.