Average Weekly Hours of All Employees: Private Service Providing in Mississippi
SMU28000000800000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.80
Year-over-Year Change
0.90%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Private Service Providing in Mississippi' measures the average weekly hours worked by private service sector employees in the state of Mississippi. This statistic is an important indicator of economic activity and labor market 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 hours of private service-providing employees in Mississippi, such as those working in retail, finance, healthcare, and other service industries. It provides insights into the state's labor market and can help economists and policymakers assess the overall economic health of the region.
Methodology
The data is collected through surveys of private employers in Mississippi by the U.S. Bureau of Labor Statistics.
Historical Context
This economic trend is often used by analysts and policymakers to monitor employment and productivity in the private service sector of the Mississippi economy.
Key Facts
- The average weekly hours for private service-providing employees in Mississippi was 35.4 hours in the latest month.
- The trend has shown a gradual increase in average weekly hours over the past decade.
- Service-providing industries account for a majority of private sector employment in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly hours worked by private service-providing employees in the state of Mississippi, such as those in retail, finance, healthcare, and other service industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and economic activity in Mississippi's private service sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers in Mississippi by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor employment and productivity in Mississippi's private service sector, which can inform decisions about economic development, workforce policies, and other initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Private Service Providing in Mississippi (SMU28000000800000002), retrieved from FRED.