All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Mississippi
SMS28000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
2.99%
Date Range
1/1/1990 - 6/1/2025
Summary
This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Mississippi. It provides insight into the size and composition of the state's knowledge-based 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: Professional and Business Services: Professional, Scientific, and Technical Services in Mississippi data series tracks the total number of workers employed in fields such as legal services, accounting, architecture, engineering, computer systems design, and scientific research. This metric is used by economists and policymakers to assess the health and growth of Mississippi's knowledge-based industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the economic competitiveness and diversification of Mississippi's labor market.
Key Facts
- Mississippi has over 80,000 workers in professional, scientific, and technical services.
- This industry accounts for nearly 6% of total employment in the state.
- The sector has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the professional, scientific, and technical services industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and growth of Mississippi's knowledge-based economy, which is important for understanding the state's economic competitiveness and diversification.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Mississippi's professional, scientific, and technical services industries, which are crucial for the state's economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Mississippi (SMS28000006054000001), retrieved from FRED.