Other Labor Income in Louisiana
LAOOTH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,802.70
Year-over-Year Change
16.30%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Other Labor Income in Louisiana' trend measures additional income sources beyond traditional wages and salaries for workers in the state of Louisiana. This data is important for economists and policymakers to understand the full picture of household earnings.
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 economic indicator tracks income from sources like tips, bonuses, commissions, and other supplemental pay for Louisiana workers. It provides context on the state's labor market and cost of living beyond just base wages.
Methodology
The data is collected through household and business surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the overall financial well-being of Louisiana residents and inform decisions around economic and social programs.
Key Facts
- Other labor income accounts for about 10% of total compensation in Louisiana.
- The trend has grown by 20% over the past decade in the state.
- Supplemental pay is higher in industries like energy, tech, and finance.
FAQs
Q: What does this economic trend measure?
A: The 'Other Labor Income in Louisiana' metric tracks income sources beyond base wages and salaries for workers in the state, such as tips, bonuses, and commissions.
Q: Why is this trend relevant for users or analysts?
A: This data provides important context on the full financial picture of Louisiana households and the state's labor market beyond just traditional wages.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects the data through surveys of both households and businesses in Louisiana.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall financial well-being of Louisiana residents and inform decisions around economic and social programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month delay. It may not capture all forms of supplemental income for some workers.
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Citation
U.S. Federal Reserve, Other Labor Income in Louisiana (LAOOTH), retrieved from FRED.