All Employees: Mining and Logging: Drilling Oil and Gas Wells in Louisiana
SMU22000001021311101SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.02
Year-over-Year Change
-9.04%
Date Range
1/1/2003 - 7/1/2025
Summary
This economic trend measures employment in the oil and gas well drilling industry in Louisiana. It is an important indicator of economic activity and investment in the state's energy 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 and Logging: Drilling Oil and Gas Wells in Louisiana series tracks the number of people employed in the oil and gas well drilling industry within the state. This metric provides insight into the health and outlook of Louisiana's energy production and exploration activities.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by policymakers, industry analysts, and investors to gauge the strength of Louisiana's oil and gas industry.
Key Facts
- Louisiana is a major oil and gas producing state.
- Employment in the drilling industry can fluctuate with commodity prices.
- This metric helps track investment and activity in the state's energy sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the oil and gas well drilling industry within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and outlook of Louisiana's energy production and exploration activities, which is important for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by policymakers to gauge the strength of Louisiana's oil and gas industry, which is a key part of the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, All Employees: Mining and Logging: Drilling Oil and Gas Wells in Louisiana (SMU22000001021311101SA), retrieved from FRED.