Average Hourly Earnings of All Employees: Financial Activities in Mississippi
SMU28000005500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.23
Year-over-Year Change
8.49%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Hourly Earnings of All Employees: Financial Activities in Mississippi measures the average hourly wage for workers in the financial sector in the state. This metric is important for economists and policymakers to understand labor market trends and wage dynamics.
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 hourly earnings of all employees in the financial activities sector in Mississippi. It provides insight into compensation levels and changes over time, which can inform analysis of the state's economic conditions and competitiveness.
Methodology
The data is collected through the Current Employment Statistics (CES) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the financial industry's labor market and competitiveness within Mississippi.
Key Facts
- The series began in 2006.
- Earnings in the Mississippi financial sector have increased over 30% since 2006.
- Financial activities account for around 3% of total employment in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly earnings of all employees in the financial activities sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into compensation levels and changes over time in Mississippi's financial industry, which is important for understanding the state's economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) program 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 evaluate the financial industry's labor market and competitiveness within Mississippi.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Financial Activities in Mississippi (SMU28000005500000003), retrieved from FRED.