All Employees: Services to Buildings and Dwellings in Louisiana
SMU22000006056170001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.30
Year-over-Year Change
9.31%
Date Range
1/1/2003 - 1/1/2024
Summary
This trend measures the total number of employees in the services to buildings and dwellings industry in Louisiana. It provides insights into the state's commercial real estate and facilities management sectors.
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: Services to Buildings and Dwellings in Louisiana series tracks the total employment levels in establishments that provide services to commercial, institutional, and residential buildings and dwellings. This metric is a key indicator of economic activity and labor demand in the state's property management and maintenance industry.
Methodology
The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by policymakers, real estate investors, and economic analysts to assess the health of Louisiana's commercial property market and service sectors.
Key Facts
- Louisiana has over 60,000 employees in the services to buildings and dwellings industry.
- This sector accounts for approximately 3% of the state's total nonfarm employment.
- Employment in this industry has grown by 15% in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in establishments that provide services to commercial, institutional, and residential buildings and dwellings in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and labor demand of Louisiana's commercial real estate, property management, and facilities maintenance sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, real estate investors, and economic analysts closely monitor this employment trend to assess the health of Louisiana's commercial property market and service sectors.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Services to Buildings and Dwellings in Louisiana (SMU22000006056170001A), retrieved from FRED.