All Employees: Mining: Oil and Gas Extraction in Louisiana
SMU22000001021100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-40.43%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic indicator tracks the total number of employees in the oil and gas extraction industry in Louisiana. It serves as an important measure of labor market activity and economic conditions in this key sector.
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: Mining: Oil and Gas Extraction in Louisiana data series provides a comprehensive count of the employees engaged in the extraction of crude petroleum and natural gas within the state. This metric is closely watched by economists, policymakers, and industry analysts to gauge the health and trends of Louisiana's energy production and related economic activity.
Methodology
The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely tied to global energy markets, commodity prices, and state-level energy policies.
Key Facts
- Louisiana is a major oil and gas producing state.
- Employment in this sector fluctuates with energy prices.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of people employed in the oil and gas extraction industry within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Employment in the oil and gas extraction sector is a key indicator of economic activity and energy industry health in Louisiana, a major energy-producing state.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment metric is closely watched by policymakers, economists, and industry analysts to gauge the strength of Louisiana's energy sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with typical government data publication lags.
Related Trends
Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Louisiana
LAFOODBEVTOBMANNGSP
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000002
Monthly State Retail Sales: Clothing and Clothing Accessories Stores in Louisiana
MSRSLA448
Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Louisiana
LAFURNMANNGSP
Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Louisiana
MEDSQUFEEMMLA
All Employees: Professional, Scientific, and Technical Services in Louisiana
SMU22000006054000001A
Citation
U.S. Federal Reserve, All Employees: Mining: Oil and Gas Extraction in Louisiana (SMU22000001021100001A), retrieved from FRED.