Health Care and Social Assistance Wages and Salaries in Louisiana
LAWHEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,518,603.00
Year-over-Year Change
16.44%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Health Care and Social Assistance Wages and Salaries in Louisiana' trend measures average earnings for workers in the health care and social assistance industry in Louisiana. This data provides insights into the labor market and economic conditions in a key service 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
This economic indicator tracks the average weekly wages and salaries for private industry employees in the health care and social assistance sector within the state of Louisiana. It is a useful gauge of compensation levels and trends in a major component of the state's economy.
Methodology
The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Historical Context
This series is utilized by economists, policymakers, and industry analysts to monitor labor market dynamics and overall economic performance in Louisiana.
Key Facts
- Health care is one of Louisiana's largest private industry employers.
- Wages and salaries in this sector have risen steadily over the past decade.
- The trend provides a window into compensation levels for essential workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly wages and salaries for private industry employees in the health care and social assistance sector within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market conditions and compensation levels in a key service industry, which is crucial for understanding the overall economic performance of Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through the Quarterly Census of Employment and Wages program by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This series is utilized by economists, policymakers, and industry analysts to monitor labor market dynamics and overall economic performance in Louisiana.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Health Care and Social Assistance Wages and Salaries in Louisiana (LAWHEA), retrieved from FRED.