Average Weekly Earnings of Production Employees: Manufacturing in Mississippi
SMU28000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
984.30
Year-over-Year Change
6.91%
Date Range
1/1/2005 - 7/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Mississippi measures the average weekly earnings of manufacturing production workers in the state of Mississippi. This economic indicator provides insights into labor costs and wage trends in the Mississippi manufacturing sector.
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 non-supervisory employees in the manufacturing industry in Mississippi. It is an important metric for understanding the economic health and competitiveness of the state's manufacturing sector.
Methodology
The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this trend to gauge the economic conditions and labor market dynamics in Mississippi manufacturing.
Key Facts
- Manufacturing accounts for over 13% of Mississippi's GDP.
- Wages in Mississippi's manufacturing sector are typically lower than the national average.
- The state has seen a steady increase in manufacturing employment over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and wage dynamics in Mississippi's manufacturing sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to gauge the economic conditions and labor market dynamics in Mississippi's manufacturing sector, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Mississippi (SMU28000003000000030), retrieved from FRED.