Forestry, Fishing, Related Activities and Other Wages and Salaries in Louisiana
LAWFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
298,458.00
Year-over-Year Change
-4.63%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities and Other Wages and Salaries in Louisiana' series measures the total wages and salaries paid in the forestry, fishing, and related industries in Louisiana. This data provides insight into the economic health and labor market dynamics of these important Louisiana industries.
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 represents the total compensation paid to workers in Louisiana's forestry, fishing, and other related natural resource industries. It is a key indicator of the economic activity and productivity in these sectors, which are crucial components of Louisiana's economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and administrative records.
Historical Context
Policymakers and economists use this data to analyze trends in Louisiana's natural resource-based industries and inform economic and workforce development strategies.
Key Facts
- Louisiana is a major producer of forestry and fishing products.
- The forestry and fishing industries employ over 30,000 workers in Louisiana.
- Wages and salaries in these industries totaled over $1.2 billion in the latest year.
FAQs
Q: What does this economic trend measure?
A: This series measures the total wages and salaries paid to workers in Louisiana's forestry, fishing, and related natural resource industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic health and labor market dynamics of Louisiana's crucial natural resource-based industries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in Louisiana's natural resource industries and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities and Other Wages and Salaries in Louisiana (LAWFOR), retrieved from FRED.