Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.91
Year-over-Year Change
38.37%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in Louisiana. It provides insights into wage dynamics in a key part of 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 Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana metric tracks changes in the typical wage for workers in this important industry group across the state. Economists and policymakers use this data to assess Louisiana's labor market conditions and cost-of-living pressures.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer purchasing power and the overall health of Louisiana's economy.
Key Facts
- Data available monthly since 1990.
- Earnings in this sector were $19.47 per hour as of the latest release.
- Wages have risen 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees in the trade, transportation, and utilities sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into wage dynamics in a key part of Louisiana's economy, which is important for assessing labor market conditions and consumer purchasing power in the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor Louisiana's labor market and cost-of-living pressures, which can inform decisions around economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana (SMU22000004000000003A), retrieved from FRED.