Average Weekly Hours of All Employees: Education and Health Services in Mississippi
SMU28000006500000002A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
4.17%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Hours of All Employees: Education and Health Services in Mississippi tracks the average number of hours worked per week by employees in the education and health services industry in the state of Mississippi.
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 is an important economic indicator that provides insight into the labor market and productivity trends within Mississippi's education and healthcare sectors. It is used by economists, policymakers, and researchers to analyze workforce utilization and labor force participation.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This metric helps inform economic and policy decisions related to workforce, healthcare, and education in Mississippi.
Key Facts
- Mississippi's education and health services industry employs over 250,000 workers.
- The average weekly hours in this sector have remained relatively stable over the past decade.
- This metric provides insights into workforce utilization and productivity trends in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in the education and health services industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and productivity trends within Mississippi's education and healthcare sectors, which are crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This trend helps inform economic and policy decisions related to workforce, healthcare, and education in Mississippi.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Education and Health Services in Mississippi (SMU28000006500000002A), retrieved from FRED.