Administrative and Waste Services Earnings in Louisiana
LAEADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,781,584.00
Year-over-Year Change
10.50%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures average hourly earnings in the administrative and waste services industry in Louisiana. It provides insights into labor costs and economic activity in this important sector.
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 Administrative and Waste Services Earnings in Louisiana series tracks the average hourly earnings of workers in industries such as office administration, facilities support, and waste management. This metric is used by economists and policymakers to monitor employment conditions and cost pressures in Louisiana's service economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in administrative and waste services earnings can inform decisions around economic policy, investment, and workforce planning.
Key Facts
- Louisiana's administrative and waste services sector employs over 115,000 workers.
- Average hourly earnings in this industry have risen by 18% over the past 5 years.
- The sector accounts for nearly 5% of Louisiana's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the administrative and waste services industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor costs and economic activity in an important service sector, which is useful for economic analysis and policymaking.
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: Trends in administrative and waste services earnings can inform decisions around economic policy, investment, and workforce planning.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Earnings in Louisiana (LAEADM), retrieved from FRED.