All Employees: Other Services: Repair and Maintenance in Louisiana
SMU22000008081100001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.13
Year-over-Year Change
5.26%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of employees in the 'Other Services' industry, specifically in the 'Repair and Maintenance' sector in Louisiana. It provides insights into the state's service-based economic activity and labor market 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: Other Services: Repair and Maintenance in Louisiana' trend tracks the total number of individuals employed in the repair and maintenance services industry across the state. This data is used by economists and policymakers to analyze the health and trends within Louisiana's service sector.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the state of Louisiana's service economy and informing economic policy decisions.
Key Facts
- Louisiana's repair and maintenance sector employs over 30,000 workers.
- The industry has seen steady growth over the past decade.
- The sector accounts for approximately 2% of the state's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the 'Repair and Maintenance' industry, which is part of the broader 'Other Services' sector, within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and performance of Louisiana's service-based economy, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the state of Louisiana's service sector and inform economic policy decisions related to the labor market and industry growth.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with some minor delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Other Services: Repair and Maintenance in Louisiana (SMU22000008081100001SA), retrieved from FRED.