Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
948.94
Year-over-Year Change
29.97%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the trade, transportation, and utilities sector in Louisiana. It provides valuable insights into the labor market and economic conditions in the state.
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 All Employees: Trade, Transportation, and Utilities in Louisiana trend represents the average weekly pay for workers in these key industries, which are crucial components of the state's economy. Economists and policymakers use this data to analyze employment, wages, and broader economic trends.
Methodology
This data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The trend is used to inform economic policy decisions and market analysis at the state and national levels.
Key Facts
- The series began in 1990.
- Louisiana's trade, transportation, and utilities sector employs over 400,000 workers.
- Wages in this sector are typically above the state's overall average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly 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 trend provides valuable insights into employment and wage conditions in key industries that are crucial to Louisiana's economy, making it relevant for economic analysis and policy decisions.
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: This trend is used to inform economic policy decisions and market analysis at the state and national levels, as it reflects the health of important sectors in Louisiana's economy.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana (SMU22000004000000011A), retrieved from FRED.