Average Weekly Hours of All Employees: Construction in Mississippi
SMU28000002000000002 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.80
Year-over-Year Change
1.49%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Weekly Hours of All Employees: Construction in Mississippi metric tracks the average number of hours worked per week by construction workers in the state. This statistic is an important indicator of economic activity and labor market conditions in the construction industry.
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 series measures the average weekly hours worked by all employees in the construction industry in Mississippi. It provides insights into the productivity and utilization of the construction workforce, which is a key driver of economic growth and investment.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of the construction sector in Mississippi and its broader implications for the state's economy.
Key Facts
- Mississippi's construction industry employs over 50,000 workers.
- The average weekly hours for construction workers in Mississippi is around 40 hours.
- Construction activity has been a key driver of economic growth in Mississippi in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by all employees in the construction industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and utilization of the construction workforce, which is a key driver of economic growth and investment in the state.
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 and analysts use this metric to assess the health and outlook of the construction sector in Mississippi and its broader implications for the state's economy.
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: Construction in Mississippi (SMU28000002000000002), retrieved from FRED.