All Employees: Private Service Providing in Mississippi
SMS28000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
760.20
Year-over-Year Change
1.50%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in private service-providing industries in the state of Mississippi. It provides insight into the overall health and performance of the state's private sector service economy.
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 All Employees: Private Service Providing in Mississippi trend tracks the total number of individuals employed in private sector service industries within the state, including trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure, and hospitality.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to gauge the economic conditions and labor market dynamics in Mississippi.
Key Facts
- Mississippi's private service sector accounts for over 60% of total nonfarm employment.
- The state's private service-providing industries have experienced steady job growth since the Great Recession.
- The trend is a leading indicator of overall economic performance in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in private sector service-providing industries in the state of Mississippi, providing insight into the health of the state's service economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and businesses as it indicates the overall economic conditions and labor market dynamics in Mississippi.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess the economic performance and labor market conditions in Mississippi, informing policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of a few weeks from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Mississippi (SMS28000000800000001), retrieved from FRED.