Average Weekly Hours of All Employees: Manufacturing in Mississippi
SMU28000003000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.70
Year-over-Year Change
1.24%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Manufacturing in Mississippi metric tracks the average number of hours worked per week by manufacturing employees in the state of Mississippi. This indicator provides insight into the productivity and labor utilization within the Mississippi manufacturing 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 economic trend represents the average number of hours worked per week by all employees in the manufacturing industry in the state of Mississippi. It is an important indicator of labor market conditions and can be used to assess the overall health and productivity of the state's manufacturing sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand labor market dynamics and make informed decisions about economic and workforce development policies.
Key Facts
- Manufacturing is a key industry in Mississippi, accounting for over 12% of the state's GDP.
- The average weekly hours worked in Mississippi manufacturing has remained relatively stable over the past decade.
- Changes in this metric can signal shifts in labor demand and production in the state's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and labor utilization within the Mississippi manufacturing sector, which is an important indicator of the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand labor market dynamics and make informed decisions about economic and workforce development policies in Mississippi.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Manufacturing in Mississippi (SMU28000003000000002), retrieved from FRED.