Retail Trade Wages and Salaries in Louisiana
LAWRET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,033,396.00
Year-over-Year Change
0.77%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures total wages and salaries paid in the retail trade industry in Louisiana. It provides insights into the economic activity and labor market conditions 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 Retail Trade Wages and Salaries in Louisiana series tracks the total compensation paid to workers in the retail trade industry across the state. It is an important indicator of economic performance and consumer demand in Louisiana.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Historical Context
Retail trade wages are monitored by policymakers, analysts, and businesses to understand consumer spending patterns and the overall strength of the state's economy.
Key Facts
- Louisiana's retail trade industry employs over 300,000 workers.
- Retail wages account for nearly 10% of total personal income in the state.
- The retail sector has seen steady growth in wages over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Wages and Salaries in Louisiana series tracks the total compensation paid to workers in the retail trade industry across the state.
Q: Why is this trend relevant for users or analysts?
A: Retail trade wages are an important indicator of consumer demand, economic activity, and labor market conditions in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through establishment surveys.
Q: How is this trend used in economic policy?
A: Retail trade wages are monitored by policymakers, analysts, and businesses to understand consumer spending patterns and the overall strength of the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely insights into the retail trade sector.
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Citation
U.S. Federal Reserve, Retail Trade Wages and Salaries in Louisiana (LAWRET), retrieved from FRED.