Civilian Labor Force for Mississippi
CIVLFMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,252,500.00
Year-over-Year Change
-0.39%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Mississippi measure the total number of people in Mississippi who are employed or actively seeking employment. It is a key economic indicator used to assess the state's labor market conditions.
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 Civilian Labor Force for Mississippi represents the total number of people in the state who are either employed or unemployed but actively looking for work. It is a widely followed economic statistic that provides insight into the overall health and dynamics of Mississippi's labor market.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This labor force trend is used by policymakers, economists, and businesses to understand workforce participation and employment trends in Mississippi.
Key Facts
- Mississippi's civilian labor force totaled over 1.3 million as of the latest data.
- The labor force participation rate in Mississippi is below the national average.
- Employment levels in Mississippi fluctuate with broader economic conditions.
FAQs
Q: What does the Civilian Labor Force for Mississippi measure?
A: The Civilian Labor Force for Mississippi measures the total number of people in the state who are either employed or actively seeking employment.
Q: Why is this labor force trend relevant for users or analysts?
A: The civilian labor force is a key indicator of the overall health and dynamics of Mississippi's labor market, providing insight into workforce participation and employment levels.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this labor force trend used in economic policy?
A: Policymakers, economists, and businesses use this statistic to understand workforce participation and employment trends in Mississippi, which informs economic and labor market decisions.
Q: Are there update delays or limitations?
A: The Civilian Labor Force for Mississippi data is released on a monthly basis, but there may be some delays in availability depending on the data source.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Mississippi (CIVLFMS), retrieved from FRED.