Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana
SMU22000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,206.78
Year-over-Year Change
7.52%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the manufacturing sector for durable goods industries in Louisiana. It provides insight into the state's labor market conditions and compensation trends in a key industrial 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 Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana is a closely watched economic indicator that tracks the average weekly pay for workers involved in the production of durable goods within the state's manufacturing industry. This metric is used by economists and policymakers to assess the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state's economic performance and informing policy decisions related to employment, wages, and industrial competitiveness.
Key Facts
- Louisiana's average weekly earnings in durable goods manufacturing are higher than the national average.
- Durable goods manufacturing accounts for a significant portion of the state's overall industrial output.
- Wages in this sector have shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the manufacturing sector for durable goods industries in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of the labor market and inflationary pressures in a key industrial sector of Louisiana's economy, which is useful for economists and policymakers.
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: This trend is relevant for understanding the state's economic performance and informing policy decisions related to employment, wages, and industrial competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Labor Statistics, but may be subject to minor revisions and delays.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Louisiana (SMU22000003100000030), retrieved from FRED.