Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Mississippi
SMU28000006500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.74
Year-over-Year Change
8.55%
Date Range
1/1/2007 - 7/1/2025
Summary
This trend measures the average hourly earnings of all employees in the private education and health services industry in Mississippi. It provides insights into wage levels and trends in this important sector of the state's economy.
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 Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Mississippi tracks the average wage for workers in private educational institutions, hospitals, nursing homes, and other health care facilities located in the state. This metric is a key indicator of labor costs and economic conditions in a vital service industry.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts use this trend to monitor workforce dynamics and cost pressures in Mississippi's private health and education sectors.
Key Facts
- Covers over 300,000 private sector workers in Mississippi.
- Wages in this sector have risen by 20% over the past decade.
- Health care and education are major drivers of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the private 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 costs and economic conditions in a vital service industry within the state.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor workforce dynamics and cost pressures in Mississippi's private health and education sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Mississippi (SMU28000006500000003), retrieved from FRED.