Total Wages and Salaries in Louisiana
LAWTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130,949,347.00
Year-over-Year Change
16.22%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Total Wages and Salaries in Louisiana' metric measures the total value of wages and salaries paid to workers in the state of Louisiana. This economic indicator is closely watched by policymakers and analysts to gauge labor market conditions and consumer spending power.
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 amount of wages and salaries earned by workers in Louisiana across all industries and sectors. It is a key measure of economic activity and household income in the state, providing insights into employment, consumer spending, and broader macroeconomic trends.
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 around fiscal, monetary, and labor market policies.
Key Facts
- Louisiana's total wages and salaries reached a record high of $135 billion in 2021.
- The energy and healthcare sectors are major contributors to Louisiana's wage and salary earnings.
- Wage growth in Louisiana has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Total Wages and Salaries in Louisiana' metric measures the total value of wages and salaries paid to workers across all industries and sectors in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market conditions, consumer spending power, and broader economic activity in Louisiana, making it a key indicator for policymakers, economists, and market analysts.
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 around fiscal, monetary, and labor market policies, as it reflects the overall health and dynamics of Louisiana's economy.
Q: Are there update delays or limitations?
A: The total wages and salaries data for Louisiana is typically released with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Wages and Salaries in Louisiana (LAWTOT), retrieved from FRED.