Transportation and Warehousing Wages and Salaries in Mississippi
MSWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,659,216.00
Year-over-Year Change
13.56%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Transportation and Warehousing Wages and Salaries in Mississippi' series measures the average earnings of workers in the transportation and warehousing industries within the state of Mississippi. This data is critical for analyzing employment trends and cost of living in the region.
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 series represents the average hourly or weekly wage paid to employees in Mississippi's transportation and logistics sectors, including trucking, rail, air, and warehousing. It provides valuable insights into the labor market and economic conditions within these key industries.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and businesses use this data to understand workforce costs and make informed decisions regarding regional economic development.
Key Facts
- Mississippi's transportation and warehousing wages have risen steadily over the past decade.
- The sector accounts for over 5% of Mississippi's total employment.
- Wages in this industry are typically higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly or weekly wages paid to workers in Mississippi's transportation and warehousing industries, including trucking, rail, air, and logistics.
Q: Why is this trend relevant for users or analysts?
A: This data provides critical insights into labor costs and economic conditions within a key sector of Mississippi's economy, which is important for businesses, policymakers, and economists analyzing regional trends.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to understand workforce costs and make informed decisions about regional infrastructure, training programs, and business incentives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a several-month delay before the latest figures are available.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Mississippi (MSWTRA), retrieved from FRED.