Information Wages and Salaries in Mississippi
MSWINF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
634,142.00
Year-over-Year Change
8.66%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Information Wages and Salaries in Mississippi' series measures the average weekly wages and salaries for workers in the information industry in the state of Mississippi. This metric is important for analyzing regional economic trends and competitiveness.
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 information industry includes sectors such as publishing, telecommunications, data processing, and other information services. This data provides insights into compensation levels and labor market conditions within this key economic sector in Mississippi.
Methodology
The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses can use this information to evaluate workforce development and talent attraction initiatives in the state.
Key Facts
- The average weekly wage in Mississippi's information industry was $1,142 in 2022.
- Information sector wages in Mississippi are 37% higher than the state's overall average wage.
- Employment in Mississippi's information industry grew by 5.2% in the past year.
FAQs
Q: What does this economic trend measure?
A: The 'Information Wages and Salaries in Mississippi' series tracks the average weekly wages and salaries for workers in the information industry, such as publishing, telecommunications, and data processing, within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into compensation levels and labor market conditions within a key economic sector in Mississippi, which can inform regional economic development strategies and workforce initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages (QCEW) program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this information to evaluate workforce development and talent attraction initiatives in the state, as well as to assess the competitiveness of the information industry in Mississippi.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
Gross Domestic Product: Wholesale Trade (42) in Mississippi
MSWHOLENGSP
Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Mississippi
MSMINQGSP
Number of Noninsured Nonmember Commercial Banks in Mississippi
X08CBNMBNIMS
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Mississippi
EMISSCO2VHLACBMSA
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Mississippi
MSTEXTNGSP
Child Tax Exemptions for Mississippi
CHEXMMS28A647NCEN
Citation
U.S. Federal Reserve, Information Wages and Salaries in Mississippi (MSWINF), retrieved from FRED.