All Employees: Service-Providing in Louisiana
SMU22000000700000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,684.30
Year-over-Year Change
1.50%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of service-providing employees in Louisiana. It is a key indicator of the state's labor market and overall economic activity.
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: Service-Providing in Louisiana series tracks the total number of workers in the service sector, which includes industries like trade, transportation, utilities, information, financial activities, professional services, education, and healthcare. This data provides important insights into the strength and composition of Louisiana's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Louisiana's service industries and make informed decisions about economic and workforce development.
Key Facts
- Louisiana's service sector accounts for over 80% of total employment.
- The service-providing industry has seen steady growth in Louisiana over the past decade.
- The COVID-19 pandemic led to a sharp decline in service-providing jobs in Louisiana in 2020.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Service-Providing in Louisiana series tracks the total number of workers employed in the state's service-providing industries, including trade, transportation, utilities, and professional services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and composition of Louisiana's economy, as the service sector accounts for the majority of employment in the state. It is a key indicator of overall economic activity and can inform policymaking and business decisions.
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 assess the health of Louisiana's service industries and make informed decisions about economic and workforce development strategies in the state.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Service-Providing in Louisiana (SMU22000000700000001), retrieved from FRED.