Average Weekly Earnings of All Employees: Professional and Business Services in Mississippi
SMU28000006000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
993.46
Year-over-Year Change
-1.08%
Date Range
1/1/2007 - 6/1/2025
Summary
The 'Average Weekly Earnings of All Employees: Professional and Business Services in Mississippi' series measures the average weekly earnings for workers in the professional and business services sector in Mississippi. This metric provides insight into wage and income trends for this key economic segment.
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 weekly earnings of all employees in the professional and business services industry in Mississippi. It is a valuable indicator of economic conditions and labor market dynamics in this important sector, which includes occupations like legal services, accounting, engineering, and management consulting.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This series is closely monitored by policymakers, economists, and businesses to assess the overall health of the Mississippi economy.
Key Facts
- The professional and business services sector accounts for over 12% of Mississippi's GDP.
- Average weekly earnings in this sector have risen by 3.2% annually over the past 5 years.
- Mississippi ranks 32nd among U.S. states for average weekly earnings in professional services.
FAQs
Q: What does this economic trend measure?
A: This series measures the average weekly earnings of all employees in the professional and business services industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage and income trends for a key economic sector in Mississippi, which is closely monitored by policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series is used by policymakers, economists, and businesses to assess the overall health of the Mississippi economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on this economic sector.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Professional and Business Services in Mississippi (SMU28000006000000011), retrieved from FRED.