Civilian Labor Force for Louisiana
CIVLFLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,059,500.00
Year-over-Year Change
-0.31%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Louisiana measures the total number of people aged 16 and older in the state who are employed or actively seeking work. This metric is crucial for understanding labor market dynamics and informing economic and workforce policies.
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 Civilian Labor Force represents the active portion of Louisiana's working-age population. It includes both employed individuals and those who are jobless but searching for employment. This data is widely used by economists, policymakers, and labor market analysts to assess the state's overall economic health and labor force participation.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in the Civilian Labor Force can inform decisions around workforce development, employment policies, and economic planning in Louisiana.
Key Facts
- Louisiana's Civilian Labor Force totaled 2.2 million as of the latest data.
- The state's labor force participation rate was 59.1% in the most recent period.
- The Civilian Labor Force has grown by 3.2% over the past 5 years in Louisiana.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Louisiana measures the total number of people aged 16 and older in the state who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor market dynamics and informing economic and workforce policies in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in the Civilian Labor Force can inform decisions around workforce development, employment policies, and economic planning in Louisiana.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into Louisiana's labor force.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Louisiana (CIVLFLA), retrieved from FRED.