Health Care and Social Assistance Earnings in Louisiana
LAEHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,129,365.00
Year-over-Year Change
16.59%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the average weekly earnings in the health care and social assistance industry in Louisiana. It provides valuable insights into the economic conditions and labor market dynamics in this key 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 Health Care and Social Assistance Earnings in Louisiana series tracks the average weekly earnings of workers in the health care and social assistance industry within the state. This data point is crucial for understanding the financial well-being and compensation trends of a major component of Louisiana's economy.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This earnings trend is closely monitored by policymakers, researchers, and industry stakeholders to gauge the competitiveness and sustainability of Louisiana's health care workforce.
Key Facts
- Louisiana's health care and social assistance sector employs over 260,000 workers.
- Average weekly earnings in this industry are $875, higher than the overall state average.
- The sector has experienced steady growth in employment and earnings over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of workers in the health care and social assistance industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding the financial well-being and compensation trends of a major component of Louisiana's economy, providing insights into the competitiveness and sustainability of the state's health care workforce.
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: This earnings trend is closely monitored by policymakers, researchers, and industry stakeholders to gauge the competitiveness and sustainability of Louisiana's health care workforce.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Earnings in Louisiana (LAEHEA), retrieved from FRED.