All Employees: Mining and Logging: Oil and Gas Extraction in Louisiana
SMU22000001021100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.62
Year-over-Year Change
1.73%
Date Range
1/1/2004 - 6/1/2025
Summary
This trend measures the total number of employees in the mining and logging industry, specifically in the oil and gas extraction sector, in the state of Louisiana. It provides valuable insights into the health and activity of this crucial energy industry within the state's economy.
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 and Logging: Oil and Gas Extraction in Louisiana metric tracks the total number of individuals employed in the oil and gas extraction industry across the state. This data is an important indicator of economic conditions and investment within Louisiana's energy sector, which is a significant driver of the state's overall economic performance.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the impact of factors such as commodity prices, regulatory changes, and industry investment on Louisiana's oil and gas extraction employment.
Key Facts
- Louisiana is one of the top oil and gas producing states in the U.S.
- The oil and gas extraction industry is a major employer in Louisiana.
- This trend has seen significant volatility due to changes in global energy markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the mining and logging industry, specifically in the oil and gas extraction sector, within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and activity of Louisiana's crucial energy industry, which is a significant driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the impact of factors such as commodity prices, regulatory changes, and industry investment on Louisiana's oil and gas extraction employment.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging: Oil and Gas Extraction in Louisiana (SMU22000001021100001SA), retrieved from FRED.