Average Weekly Earnings of All Employees: Financial Activities in Mississippi
SMU28000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,100.52
Year-over-Year Change
27.48%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Mississippi measures the average weekly pay for financial sector workers in Mississippi. This provides insight into labor costs and economic conditions 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
This data series tracks the average weekly earnings of all employees in the financial activities sector in Mississippi. It is a key economic indicator used to assess the health and competitiveness of the state's financial industry, including trends in wages, productivity, and employment.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to evaluate the financial sector's contribution to the broader Mississippi economy.
Key Facts
- Mississippi's financial sector employs over 45,000 workers.
- Average weekly earnings in the state's financial activities rose by 3.2% in the past year.
- Financial services contribute over $10 billion annually to Mississippi's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly 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 data provides important insights into the health and competitiveness of Mississippi's financial industry, including trends in wages, productivity, and employment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the financial sector's contribution to the broader Mississippi economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Mississippi (SMU28000005500000011A), retrieved from FRED.