All Employees: Repair and Maintenance in Louisiana
SMU22000008081100001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
13.90%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the repair and maintenance industry in Louisiana. It is an important indicator of the state's economic activity and infrastructure investment.
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: Repair and Maintenance in Louisiana data series tracks the total number of workers employed in the repair and maintenance sector, which includes businesses that provide services to maintain, repair, and replace machinery, equipment, and infrastructure across various industries.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments.
Historical Context
This trend is used by policymakers, economists, and analysts to monitor the health of Louisiana's economy and assess investment in critical infrastructure.
Key Facts
- The repair and maintenance industry in Louisiana employs over 45,000 workers.
- Employment in this sector has grown by 8% over the past 5 years.
- The industry accounts for 2.3% of Louisiana's total nonfarm employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in the repair and maintenance industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of economic activity and infrastructure investment in Louisiana, as the repair and maintenance sector supports critical industries and public services across the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments in Louisiana.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this trend to monitor the health of Louisiana's economy and assess the state's investment in infrastructure and maintenance of critical systems.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Repair and Maintenance in Louisiana (SMU22000008081100001A), retrieved from FRED.