Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Mississippi
SMU28000004000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.20
Year-over-Year Change
0.56%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Mississippi' measures the average number of hours worked per week by employees in the trade, transportation, and utilities sector in Mississippi. This trend is a key indicator of economic activity and labor market conditions 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
This series tracks the average hours worked per week by all employees in the trade, transportation, and utilities industry in Mississippi. It provides insight into the productivity and utilization of the labor force in this important economic sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to assess the strength of Mississippi's economy and make informed decisions.
Key Facts
- The average weekly hours in this sector have ranged from 35.9 to 37.7 over the past decade.
- This trend is considered a leading indicator of economic conditions in Mississippi.
- The trade, transportation, and utilities sector accounts for over 20% of employment in the state.
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 trade, transportation, and utilities industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and utilization of the labor force in a key economic sector, which is important for understanding the strength of Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of Mississippi's economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Mississippi (SMU28000004000000002), retrieved from FRED.