Labor Force Participation Rate for Louisiana
LBSSA22 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
-0.51%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Louisiana measures the percentage of the state's working-age population that is employed or actively seeking work. It is a key indicator of the health and vitality of the state's labor market.
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 labor force participation rate represents the active portion of an economy's labor force. It reports the number of people available for work as a percentage of the total working-age population. This metric is closely watched by economists and policymakers to assess labor market conditions and trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The participation rate is used to inform economic and workforce development policies in Louisiana.
Key Facts
- Louisiana's labor force participation rate was 57.3% as of the latest data.
- The state's participation rate has declined from a high of 62.5% in 2000.
- Louisiana's rate is lower than the national average participation rate.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Louisiana measures the percentage of the state's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The participation rate is a key indicator of labor market health and vitality, providing insights into the economy's available workforce.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The participation rate is used to inform economic and workforce development policies in Louisiana.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag time, allowing for timely analysis of labor market trends.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Louisiana (LBSSA22), retrieved from FRED.