Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana
SMU22000003100000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.13
Year-over-Year Change
8.53%
Date Range
1/1/2001 - 7/1/2025
Summary
This trend measures the average hourly earnings of production employees in the durable goods manufacturing industry in Louisiana. It provides insight into wage levels and economic conditions in the state's manufacturing 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 Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana is a key economic indicator that tracks the nominal wages of workers involved in the production of durable goods within the state's manufacturing industry. This metric is used by economists and policymakers to assess labor market conditions and cost pressures.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the strength of Louisiana's manufacturing economy and informing policies related to employment, wages, and business competitiveness.
Key Facts
- Louisiana's durable goods manufacturing sector employs over 100,000 workers.
- Hourly wages in this industry have risen by 15% over the past decade.
- Durable goods account for over 40% of Louisiana's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production workers in the durable goods manufacturing industry within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and labor market conditions in a key sector of Louisiana's economy, which is valuable for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the strength of Louisiana's manufacturing economy and inform policies related to employment, wages, and business competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana (SMU22000003100000008), retrieved from FRED.