Net Earnings by Place of Residence in Louisiana
LAENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,681,656.00
Year-over-Year Change
15.68%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Louisiana' metric tracks personal income levels and economic activity in the state. It is a key indicator used by policymakers and analysts to assess Louisiana's economic performance.
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
This series measures the total net earnings of individuals living in Louisiana, including wages, salaries, and other forms of compensation. It provides insights into the overall economic well-being and purchasing power of Louisiana residents.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and economists use this metric to inform decisions on taxation, spending, and economic development initiatives in Louisiana.
Key Facts
- Louisiana's net earnings reached a record high of $252 billion in 2021.
- The state's net earnings have grown by an average of 3.5% annually over the past decade.
- The largest contributors to Louisiana's net earnings are the healthcare, oil and gas, and manufacturing sectors.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Louisiana' metric tracks the total personal income earned by individuals living in the state, including wages, salaries, and other forms of compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the overall economic well-being and purchasing power of Louisiana residents, which is crucial for policymakers, businesses, and analysts seeking to understand the state's economic performance and trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions on taxation, spending, and economic development initiatives in Louisiana, as it reflects the overall economic activity and income levels in the state.
Q: Are there update delays or limitations?
A: The 'Net Earnings by Place of Residence in Louisiana' data is typically published on a quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Louisiana (LAENET), retrieved from FRED.