Average Weekly Hours of All Employees: Financial Activities in Mississippi
SMU28000005500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
-7.22%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Average Weekly Hours of All Employees: Financial Activities in Mississippi' measures the average number of hours worked per week by employees in the financial sector within the state of Mississippi. This data point is crucial for understanding labor trends and productivity in the regional financial 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
This economic indicator tracks the average weekly hours worked by all employees engaged in financial activities, such as banking, insurance, and securities trading, within the state of Mississippi. It provides valuable insights into the labor dynamics and operational capacity of the local financial sector.
Methodology
The data is collected through surveys of private-sector employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health and activity levels of Mississippi's financial services industry.
Key Facts
- The series dates back to January 2007.
- The all-time high was 38.3 hours in December 2021.
- The all-time low was 35.5 hours in April 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the financial sector within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the labor dynamics and operational capacity of Mississippi's financial services industry, which is crucial for understanding regional economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private-sector employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge the health and activity levels of Mississippi's financial services sector, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Mississippi (SMU28000005500000002A), retrieved from FRED.