Average Weekly Hours of All Employees: Financial Activities in Mississippi
SMU28000005500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.90
Year-over-Year Change
2.79%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average weekly hours worked by all employees in the financial activities sector in Mississippi. It is a key indicator of labor market conditions and economic activity in the state's financial industry.
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 Weekly Hours of All Employees: Financial Activities in Mississippi tracks the average number of hours worked per week by employees in the financial services, insurance, real estate, rental, and leasing sectors within the state. This metric provides insight into the level of business activity and labor demand in Mississippi's financial industry.
Methodology
The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and financial analysts to monitor the health and trends of Mississippi's financial sector.
Key Facts
- Mississippi's financial activities sector employs over 70,000 workers.
- The average weekly hours in this sector have remained stable around 37 hours since 2016.
- This trend is a leading indicator of economic conditions in Mississippi's financial industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by employees in Mississippi's financial activities sector, including finance, insurance, real estate, and related industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of business activity and labor demand in Mississippi's financial industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this trend to monitor the health and trends of Mississippi's financial sector, which informs economic development and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Financial Activities in Mississippi (SMU28000005500000002), retrieved from FRED.