Average Weekly Earnings of All Employees: Financial Activities in Louisiana
SMU22000005500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,194.00
Year-over-Year Change
58.39%
Date Range
1/1/2007 - 1/1/2024
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Louisiana measures the average weekly earnings of workers in the financial activities industry in Louisiana. This metric provides insight into the compensation trends and economic health of the financial sector 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
This series tracks the average weekly earnings for all employees in the financial activities industry, which includes banking, insurance, and real estate. It is a key indicator of employment conditions and purchasing power within Louisiana's financial services economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to monitor the financial sector's contribution to Louisiana's overall economic performance.
Key Facts
- The average weekly earnings in Louisiana's financial activities industry was $1,447 as of the latest data.
- This metric has shown steady growth over the past decade, reflecting the sector's importance to the state's economy.
- Financial activities account for over 5% of total employment in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the financial activities industry in Louisiana, including banking, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the compensation levels and economic health of Louisiana's financial sector, which is a crucial component of the state's overall economic performance.
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: Policymakers and analysts use this metric to monitor the financial sector's contribution to Louisiana's economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a slight delay, but it provides a reliable and timely snapshot of earnings in Louisiana's financial activities industry.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Louisiana (SMU22000005500000011A), retrieved from FRED.