All Employees: Professional, Scientific, and Technical Services in Mississippi
SMU28000006054000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.40
Year-over-Year Change
28.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of people employed in professional, scientific, and technical services industries in Mississippi. It provides insight into the state's knowledge-based economy and workforce productivity.
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: Professional, Scientific, and Technical Services in Mississippi trend tracks monthly employment in establishments that provide specialized professional, scientific, and technical services. This data is used to analyze the economic health and competitiveness of Mississippi's knowledge-based industries.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, economic development agencies, and industry analysts to understand Mississippi's economic composition and growth potential.
Key Facts
- This trend has been published monthly since 2003.
- Professional, scientific, and technical services account for over 5% of total employment in Mississippi.
- Employment in this sector grew by 8.2% in Mississippi from 2017 to 2022.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Professional, Scientific, and Technical Services in Mississippi trend measures the total number of people employed in establishments providing specialized professional, scientific, and technical services in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the strength and composition of Mississippi's knowledge-based economy, which is crucial for understanding the state's economic competitiveness and growth potential.
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, economic development agencies, and industry analysts closely monitor this employment trend to inform decisions related to workforce development, business attraction, and economic diversification strategies in Mississippi.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional, Scientific, and Technical Services in Mississippi (SMU28000006054000001A), retrieved from FRED.