Durable Manufacturing Earnings in Louisiana
LAEDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,758,420.00
Year-over-Year Change
20.51%
Date Range
1/1/1998 - 1/1/2025
Summary
The Durable Manufacturing Earnings in Louisiana trend measures the average weekly earnings of manufacturing employees producing durable goods in the state of Louisiana. This metric provides insight into the economic health and productivity of Louisiana's manufacturing 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 Durable Manufacturing Earnings in Louisiana indicator tracks average weekly wages for workers in the state's durable goods manufacturing industries, which include production of items like machinery, electronics, and transportation equipment. This data is used by economists and policymakers to evaluate labor market conditions and manufacturing industry performance.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
Trends in durable manufacturing earnings are closely watched as an indicator of economic growth and the overall strength of Louisiana's industrial base.
Key Facts
- Louisiana's durable manufacturing sector accounts for over 100,000 jobs.
- Average weekly earnings in this industry have risen by 20% over the past decade.
- Durable goods production makes up nearly a quarter of Louisiana's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: The Durable Manufacturing Earnings in Louisiana trend measures the average weekly earnings of manufacturing employees producing durable goods in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic health and productivity of Louisiana's manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Trends in durable manufacturing earnings are closely watched by economists and policymakers as an indicator of economic growth and the overall strength of Louisiana's industrial base.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, Durable Manufacturing Earnings in Louisiana (LAEDUR), retrieved from FRED.