Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Mississippi
SMU28000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,041.73
Year-over-Year Change
4.95%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing of durable goods in Mississippi. It provides insights into the state's manufacturing labor market and wage dynamics.
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 Production Employees: Manufacturing: Durable Goods in Mississippi series tracks the average weekly earnings of workers in the durable goods manufacturing sector in the state. This data is used by economists and policymakers to analyze labor market conditions and inform economic decision-making.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for understanding the competitiveness and health of Mississippi's durable goods manufacturing industry.
Key Facts
- The data is reported on a monthly basis.
- Durable goods manufacturing accounts for a significant portion of Mississippi's economy.
- Trends in this metric can signal changes in labor demand and production in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing of durable goods in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market and wage dynamics within Mississippi's durable goods manufacturing sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments 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 analyze the competitiveness and health of Mississippi's durable goods manufacturing industry and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for delay in release.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Mississippi (SMU28000003100000030), retrieved from FRED.