Accommodation and Food Services Earnings in Mississippi
MSEACC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,186,897.00
Year-over-Year Change
8.45%
Date Range
1/1/1998 - 1/1/2025
Summary
The Accommodation and Food Services Earnings in Mississippi metric tracks average weekly earnings in the accommodation and food services sector within the state. This provides insight into labor market conditions and consumer spending trends in this important 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 measures the average weekly earnings of workers in the accommodation and food services industry in Mississippi. It is a key indicator of economic activity and consumer demand within the state's hospitality and tourism sectors.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health of Mississippi's service industry and consumer economy.
Key Facts
- Average weekly earnings in Mississippi's accommodation and food services sector were $349 as of the latest data.
- This industry accounts for over 11% of total employment in the state.
- Earnings in this sector have increased by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Accommodation and Food Services Earnings in Mississippi metric tracks the average weekly earnings of workers in the accommodation and food services industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and consumer spending trends in Mississippi's hospitality and tourism sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Mississippi's service industry and consumer economy, which can inform decisions around economic development, tourism promotion, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Accommodation and Food Services Earnings in Mississippi (MSEACC), retrieved from FRED.