All Employees: Professional and Business Services: Administrative and Support Services in Louisiana
SMU22000006056100001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.40
Year-over-Year Change
2.50%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the number of employees in the administrative and support services industry within the professional and business services sector in Louisiana. It provides insights into the state's labor market and economic activity.
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: Professional and Business Services: Administrative and Support Services in Louisiana series tracks the employment levels in this key service industry, which includes activities such as office administration, facilities support, and waste management services. This data is used by economists and policymakers to analyze workforce trends and overall economic conditions in the state.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by state and local governments, as well as businesses, to inform economic and workforce development strategies.
Key Facts
- Louisiana has over 200,000 employees in the administrative and support services industry.
- This sector accounts for around 10% of total employment in the state.
- Employment in this industry has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the administrative and support services industry within the professional and business services sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the state's labor market and economic activity, and is closely monitored by policymakers and businesses to inform economic and workforce development strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: State and local governments, as well as businesses, use this employment trend to analyze workforce trends and overall economic conditions in Louisiana, which informs their economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Administrative and Support Services in Louisiana (SMU22000006056100001), retrieved from FRED.