Average Weekly Earnings of All Employees: Private Service Providing in Mississippi
SMU28000000800000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
926.16
Year-over-Year Change
5.61%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all private sector service-providing employees in Mississippi. It is a key indicator of labor market conditions and economic 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 Earnings of All Employees: Private Service Providing in Mississippi tracks the average weekly compensation for private sector workers in the service industry, excluding goods-producing industries. This metric provides insight into the financial health and purchasing power of Mississippi's labor force.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists analyze this trend to evaluate the strength of Mississippi's private service sector and make informed decisions regarding employment, wages, and economic policy.
Key Facts
- The series is published monthly by the U.S. Bureau of Labor Statistics.
- Mississippi's private service sector accounts for over 70% of total private employment in the state.
- Average weekly earnings in Mississippi's private service industry have risen by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all private sector service-providing employees in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial well-being and purchasing power of Mississippi's private service sector workforce, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to evaluate the strength of Mississippi's private service sector and make informed decisions regarding employment, wages, and economic policy.
Q: Are there update delays or limitations?
A: The series is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Private Service Providing in Mississippi (SMU28000000800000011), retrieved from FRED.