Forestry, Fishing, Related Activities, and Other Earnings in Louisiana
LAEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,477.00
Year-over-Year Change
5.26%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures earnings in the forestry, fishing, and related activities industries in Louisiana. It provides insight into the economic performance of this important sector 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 Forestry, Fishing, Related Activities, and Other Earnings in Louisiana statistic tracks the total earnings of workers in these industries within the state. It is a key indicator of the economic vitality of Louisiana's natural resource-based industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, analysts, and businesses to assess the health and growth of Louisiana's rural and natural resource-based economy.
Key Facts
- Louisiana is a leading producer of forestry and fishing products in the U.S.
- Earnings in this sector account for over 3% of Louisiana's total personal income.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total earnings of workers in the forestry, fishing, and related activities industries within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and growth of Louisiana's important natural resource-based industries, which are key contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this metric to assess the health and growth of Louisiana's rural and natural resource-based economy, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Louisiana (LAEFOR), retrieved from FRED.