All Employees: Construction in Mississippi
SMU28000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.50
Year-over-Year Change
4.55%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Construction in Mississippi' series tracks the total number of people employed in the construction industry in the state of Mississippi. This metric is an important indicator of economic activity and growth 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 data series represents the total number of people employed in the construction industry in Mississippi. It is a key statistic used by economists and policymakers to monitor trends in the state's construction sector and broader economic conditions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The construction employment metric is used to gauge the health of the Mississippi economy and inform policy decisions at the state and federal level.
Key Facts
- Construction is a major industry in Mississippi, accounting for 4.5% of the state's GDP.
- The construction sector employs over 50,000 people in Mississippi, or 3.5% of the state's workforce.
- Construction employment in Mississippi has grown by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in Mississippi' series tracks the total number of people employed in the construction industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and growth in the Mississippi region, providing insight into the health of the state's construction sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The construction employment metric is used by economists and policymakers to gauge the health of the Mississippi economy and inform policy decisions at the state and federal level.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Construction in Mississippi (SMU28000002000000001A), retrieved from FRED.