Average Weekly Hours of All Employees: Total Private in Mississippi
SMU28000000500000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.70
Year-over-Year Change
1.13%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Hours of All Employees: Total Private in Mississippi measures the average number of hours worked per week by private sector employees in the state. This statistic is a key indicator of economic activity and labor market conditions.
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 data series tracks the average weekly hours worked by private sector employees in Mississippi. It provides insights into workforce productivity, labor demand, and broader economic trends within the state.
Methodology
The data is collected through surveys of private employers in Mississippi by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to assess the health of Mississippi's labor market and overall economic performance.
Key Facts
- The series began in 1939.
- The average weekly hours reached a high of 42.3 in 1997.
- Weekly hours declined during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Average Weekly Hours of All Employees: Total Private in Mississippi measures the average number of hours worked per week by private sector employees in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into workforce productivity, labor demand, and broader economic trends within Mississippi, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private employers in Mississippi by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of Mississippi's labor market and overall economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Average Weekly Hours of All Employees: Total Private in Mississippi (SMU28000000500000002), retrieved from FRED.