All Employees: Private Service Providing in Mississippi
SMU28000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
761.70
Year-over-Year Change
2.12%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of private service-providing employees in the state of Mississippi. It provides important insights into the state's labor market and service sector performance.
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 metric tracks the monthly changes in employment across various private service industries in the state, including trade, transportation, utilities, information, financial activities, professional and business services, education, health care, leisure and hospitality, and other services.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is widely used by policymakers, analysts, and businesses to gauge the health and trajectory of Mississippi's service-providing economy.
Key Facts
- Mississippi's private service-providing sector accounts for over 60% of total nonfarm employment.
- The state's private service employment has grown by 8% over the past 5 years.
- The leisure and hospitality industry is the largest component of Mississippi's private service sector.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Private Service Providing in Mississippi metric tracks monthly changes in employment across various private service industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the health and trajectory of Mississippi's service-providing economy, which is a critical driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this metric to gauge the state of Mississippi's service sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to typical release lags and revisions associated with the CES survey.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Mississippi (SMU28000000800000001), retrieved from FRED.