Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Mississippi
SMU28000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.34
Year-over-Year Change
5.87%
Date Range
1/1/2007 - 7/1/2025
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Mississippi. It provides insights into the labor market and cost of living 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 Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Mississippi tracks the average hourly pay for workers in this key economic sector. It is an important indicator of the state's employment conditions and can inform policy decisions related to workforce development, infrastructure investment, and cost-of-living adjustments.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand regional economic dynamics and competitiveness.
Key Facts
- Mississippi's trade, transportation, and utilities sector employs over 330,000 workers.
- Hourly earnings in this sector have risen by 25% over the past decade.
- The state's average hourly wage is 8% below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market and cost of living in Mississippi, which is crucial information for policymakers, businesses, and individuals making economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to understand regional economic dynamics and competitiveness, informing decisions related to workforce development, infrastructure investment, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Mississippi (SMU28000004000000003), retrieved from FRED.