Average Weekly Hours of Production Employees: Manufacturing in Mississippi
SMU28000003000000007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.40
Year-over-Year Change
1.22%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator tracks the average weekly hours worked by production employees in the manufacturing sector of Mississippi. It provides insights into labor market conditions and productivity trends in the state's industrial base.
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 Average Weekly Hours of Production Employees: Manufacturing in Mississippi is a key metric used by economists and policymakers to assess the health and efficiency of the state's manufacturing industry. It measures the typical number of hours worked per week by production workers, offering insights into factors like labor demand, overtime, and operational capacity.
Methodology
The data is collected through surveys of manufacturing establishments in Mississippi by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state officials, industry groups, and investors to gauge the competitiveness and outlook of Mississippi's manufacturing sector.
Key Facts
- Manufacturing accounts for over 15% of Mississippi's GDP.
- Average weekly hours peaked at 43.9 in 2018 before declining.
- Stable weekly hours can signal consistent demand and efficient operations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average number of hours worked per week by production employees in Mississippi's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor market conditions, operational capacity, and productivity trends in the state's industrial base, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Mississippi by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State officials, industry groups, and investors closely monitor this trend to gauge the competitiveness and outlook of Mississippi's manufacturing sector, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Hours of Production Employees: Manufacturing in Mississippi (SMU28000003000000007), retrieved from FRED.