Average Weekly Earnings of All Employees: Leisure and Hospitality in Mississippi
SMU28000007000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
443.00
Year-over-Year Change
28.78%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Leisure and Hospitality in Mississippi trend measures changes in the average weekly earnings for leisure and hospitality industry workers in the state. This data provides insight into labor market dynamics and consumer spending patterns.
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 metric tracks the average weekly earnings of all employees working in the leisure and hospitality sector in Mississippi. It is a key indicator of wage growth and employment conditions in an important industry for the state's economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Policymakers and analysts use this trend to assess economic conditions and make informed decisions.
Key Facts
- Mississippi's leisure and hospitality sector employs over 200,000 workers.
- Average weekly earnings in this industry are lower than the state's overall private sector average.
- Wage growth in leisure and hospitality has outpaced the private sector in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees working in the leisure and hospitality industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into labor market dynamics and consumer spending patterns in an important sector of Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Leisure and Hospitality in Mississippi (SMU28000007000000011A), retrieved from FRED.