All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Louisiana
SMS22000006054000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.10
Year-over-Year Change
-0.11%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Louisiana' metric measures employment in Louisiana's professional, scientific, and technical services sector. This data provides insight into the labor market and economic activity in this key industry.
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 tracks the number of employees in Louisiana's professional, scientific, and technical services industry, which includes a wide range of knowledge-based occupations like accounting, engineering, legal services, and more. It is an important indicator of the strength and growth of the state's high-skilled services economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series are closely monitored by policymakers, industry analysts, and businesses to assess Louisiana's economic performance and competitiveness.
Key Facts
- Louisiana's professional, scientific, and technical services industry employed over 172,000 workers as of December 2022.
- This sector has grown by 4.2% in Louisiana over the past year.
- Professional services account for nearly 11% of total nonfarm employment in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the number of employees working in Louisiana's professional, scientific, and technical services industry, which includes occupations like accounting, engineering, legal services, and more.
Q: Why is this trend relevant for users or analysts?
A: Trends in professional services employment provide valuable insights into the strength and growth of Louisiana's high-skilled, knowledge-based economy, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and businesses closely monitor this series to assess Louisiana's economic competitiveness and identify opportunities for growth in the professional services sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Louisiana (SMS22000006054000001), retrieved from FRED.