All Employees: Goods Producing in Louisiana
SMS22000000600000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310.90
Year-over-Year Change
0.45%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in Louisiana' trend measures the total number of employees in the goods-producing industries in the state of Louisiana. This metric is a key indicator of the overall health and productivity of Louisiana's manufacturing, construction, and mining sectors.
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 'All Employees: Goods Producing in Louisiana' data series tracks the monthly employment levels in Louisiana's goods-producing industries, which include manufacturing, construction, and mining. Economists and policymakers use this metric to assess the state's industrial activity, business investment, and economic growth.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic trend is used to inform decisions on economic policies, infrastructure investment, and workforce development in Louisiana.
Key Facts
- Louisiana's goods-producing sector accounts for about 15% of the state's total employment.
- Employment in Louisiana's goods-producing industries declined during the 2008-2009 recession but has since recovered.
- The construction industry is the largest component of Louisiana's goods-producing sector, making up over 40% of total employment.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Goods Producing in Louisiana' trend measures the total number of people employed in Louisiana's manufacturing, construction, and mining industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and productivity of Louisiana's industrial base, which is crucial for assessing the state's overall economic performance and growth potential.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to inform decisions on economic development, workforce training, and infrastructure investment in Louisiana.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and may be subject to periodic revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in Louisiana (SMS22000000600000001), retrieved from FRED.