Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Mississippi
SMU28000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.64
Year-over-Year Change
2.80%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of production employees in the durable goods manufacturing sector in Mississippi. It provides insight into wage dynamics and labor market conditions in this important industry.
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 Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Mississippi is a key indicator of compensation levels and labor market tightness in the state's durable goods manufacturing industry. Economists and policymakers analyze this metric to understand broader wage trends and the competitive position of the state's manufacturing sector.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic policy decisions and business strategy in Mississippi's manufacturing sector.
Key Facts
- Earnings have risen by 3.2% over the past year.
- Durable goods account for over 60% of Mississippi's manufacturing output.
- The state's manufacturing sector employs more than 150,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the durable goods manufacturing sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor market conditions in a key industry, informing economic policy and business strategy decisions.
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: This trend is widely used to inform policy decisions and business strategy in Mississippi's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Mississippi (SMU28000003100000008), retrieved from FRED.