Health Care and Social Assistance Wages and Salaries in Mississippi
MSWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,006,295.00
Year-over-Year Change
15.71%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures wages and salaries in the health care and social assistance industry in Mississippi. It provides insights into employment costs and economic conditions in this key sector.
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 Health Care and Social Assistance Wages and Salaries in Mississippi series tracks compensation levels for workers in hospitals, clinics, nursing homes, and other health and social service providers across the state. This data is used to monitor labor market trends and cost pressures in the health care industry.
Methodology
The data is collected through surveys of businesses and organizations in the health care and social assistance sector in Mississippi.
Historical Context
Policymakers and economists analyze this trend to understand workforce dynamics and cost structures in the state's health services industry.
Key Facts
- Health care is one of Mississippi's largest private-sector employers.
- Wages in this industry are above the state's overall average.
- Compensation costs have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks wages and salaries for workers in the health care and social assistance industry in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into employment costs and labor market conditions in a key sector of Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and organizations in the health care and social assistance industry in Mississippi.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand workforce dynamics and cost structures in the state's health services industry.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may not fully capture the impact of temporary or seasonal employment.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Mississippi (MSWHEA), retrieved from FRED.