Average Weekly Earnings of All Employees: Total Private in Louisiana
SMU22000000500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,075.21
Year-over-Year Change
0.57%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Total Private in Louisiana measures the average weekly wages for private sector workers in the state. This metric is a key indicator of labor market conditions and household income.
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 average weekly earnings of all private sector employees in Louisiana, including both full-time and part-time workers. It is used by economists and policymakers to track changes in worker compensation and assess the overall health of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in average weekly earnings can inform decisions around minimum wage, tax policy, and other economic regulations.
Key Facts
- Average weekly earnings in Louisiana's private sector were $952 as of the latest data.
- Earnings have increased by 4.2% over the past year.
- The state's private sector wages are slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the average weekly earnings of all private sector employees in the state of Louisiana, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: Trends in average weekly earnings are an important indicator of labor market conditions and household income in Louisiana, informing decisions around economic policy and regulation.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor changes in worker compensation and assess the overall health of Louisiana's economy, which can inform decisions around minimum wage, tax policy, and other economic regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, typically 4-6 weeks after the end of the reference period. There may be revisions to prior months' data as more information becomes available.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Total Private in Louisiana (SMU22000000500000011), retrieved from FRED.