All Employees: Legal Services in Louisiana
SMU22000006054110001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.40
Year-over-Year Change
-3.66%
Date Range
1/1/1990 - 1/1/2024
Summary
This trend measures the total number of employees in the legal services industry in the state of Louisiana. It provides insight into the economic activity and labor market conditions for this important professional services 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 All Employees: Legal Services in Louisiana metric tracks the total number of individuals employed in the legal industry across the state. This data is used by economists and policymakers to analyze trends in professional services employment, productivity, and industry competitiveness.
Methodology
The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for assessing the overall health of Louisiana's professional services economy and informing policies that impact the legal industry.
Key Facts
- Louisiana has over 20,000 legal services employees.
- Legal services jobs account for 1.4% of total employment in Louisiana.
- The legal industry contributes over $2 billion annually to Louisiana's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the legal services industry across the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic activity and labor market conditions for the legal services sector, which is an important component of Louisiana's professional services economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the overall health of Louisiana's professional services economy and informing policies that impact the legal industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Legal Services in Louisiana (SMU22000006054110001A), retrieved from FRED.