Average Weekly Earnings of All Employees: Goods Producing in Mississippi
SMU28000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,272.39
Year-over-Year Change
9.77%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Goods Producing in Mississippi' series measures the average weekly earnings of workers in the goods-producing sector of the Mississippi economy. This trend provides insights into the state's labor market and economic conditions.
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 data series tracks the average weekly earnings of all employees in the goods-producing industries, such as manufacturing, construction, and mining, within the state of Mississippi. It is a key economic indicator used by analysts and policymakers to assess the strength and resilience of the state's industrial sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to evaluate the economic health of Mississippi and inform decisions related to workforce development, investment, and regulatory policies.
Key Facts
- The average weekly earnings in Mississippi's goods-producing sector were $964 as of the latest data.
- This trend has shown steady growth over the past decade, reflecting the state's industrial expansion.
- Earnings in the goods-producing sector are typically higher than the state's overall average weekly wages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all 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 insights into the strength and resilience of Mississippi's industrial sector, which is a key driver of the state's economy. It is used by analysts and policymakers to assess economic conditions and inform decisions related to workforce development, investment, and regulatory policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the economic health of Mississippi and inform decisions related to workforce development, investment, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with some possible delays in publication.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Mississippi (SMU28000000600000011), retrieved from FRED.