All Employees: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Mississippi
SMU28000003133500001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.10
Year-over-Year Change
-2.89%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of all employees in the durable goods manufacturing sector of electrical equipment, appliance, and component manufacturing in the state of Mississippi. It is a key indicator of industrial activity and production in the state.
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: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Mississippi series tracks the total number of workers employed in this specific industry within the state. It provides insights into the health and performance of this manufacturing segment at the state level.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers, economists, and industry analysts to assess the broader economic conditions and manufacturing trends within Mississippi.
Key Facts
- Mississippi has a sizable manufacturing sector, accounting for over 13% of the state's GDP.
- Durable goods manufacturing, including electrical equipment, is a major component of the state's industrial base.
- Employment in this industry has shown steady growth in recent years, indicating strengthening economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the durable goods manufacturing sector of electrical equipment, appliance, and component manufacturing within the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of a key manufacturing segment in Mississippi, which is an important indicator of the state's overall economic conditions and industrial activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to assess the broader economic conditions and manufacturing trends within Mississippi, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Labor Statistics, with a typical lag of one to two months. There may be some limitations in capturing the full scope of employment in this industry at the state level.
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Citation
U.S. Federal Reserve, All Employees: Manufacturing: Durable Goods: Electrical Equipment, Appliance, and Component Manufacturing in Mississippi (SMU28000003133500001SA), retrieved from FRED.