All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Louisiana
SMU22000005552200001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.80
Year-over-Year Change
-20.37%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures employment in the credit intermediation and related activities industry, including monetary authorities and central banks, in Louisiana. It provides insights into the state's financial services sector and economic conditions.
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 All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Louisiana series tracks the number of people employed in this industry segment within the state. It offers a window into the strength and trends of Louisiana's financial services market.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used by economists and policymakers to monitor the health of Louisiana's financial services industry and broader economic conditions.
Key Facts
- Louisiana has over 70,000 employees in credit intermediation and related financial activities.
- Financial services account for around 5% of Louisiana's total nonfarm employment.
- Employment in this sector has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people employed in the credit intermediation and related activities industry, including monetary authorities and central banks, within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength and trends of Louisiana's financial services sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this employment metric to monitor the health of Louisiana's financial services industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a standard lag, but is generally considered a reliable and timely indicator of employment in this industry segment.
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Citation
U.S. Federal Reserve, All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in Louisiana (SMU22000005552200001A), retrieved from FRED.