Employment Level for Louisiana
EMPLOYLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,972,800.00
Year-over-Year Change
1.99%
Date Range
10/1/2003 - 7/1/2024
Summary
The Employment Level for Louisiana measures the total number of employed persons in the state. This economic indicator is closely watched by policymakers and analysts to assess the health of the state's labor market.
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 Employment Level for Louisiana represents the total number of people aged 16 and older who are employed in Louisiana, including both full-time and part-time workers. This metric is a key barometer of economic activity and can signal underlying trends in consumer demand, business investment, and overall economic growth in the state.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The Employment Level for Louisiana is used by the Federal Reserve, state government, and private sector analysts to inform economic policy decisions and market forecasts.
Key Facts
- Louisiana's employment level reached a record high in 2019.
- The state's employment growth has outpaced the national average in recent years.
- The COVID-19 pandemic led to a sharp decline in Louisiana's employment in 2020.
FAQs
Q: What does this economic trend measure?
A: The Employment Level for Louisiana measures the total number of employed persons in the state, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health of Louisiana's labor market and overall economic activity, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Employment Level for Louisiana is closely monitored by the Federal Reserve, state government, and private sector analysts to inform economic policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The Employment Level for Louisiana data is released monthly with a typical lag of one to two weeks.
Related Trends
Average Weekly Earnings of All Employees: Total Private in Louisiana
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All Employees: Mining and Logging: Drilling Oil and Gas Wells in Louisiana
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Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Louisiana
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Real Gross Domestic Product: Wood Product Manufacturing (321) in Louisiana
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Housing Inventory: Average Listing Price Year-Over-Year in Louisiana
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Real Gross Domestic Product: Transportation and Warehousing (48-49) in Louisiana
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Citation
U.S. Federal Reserve, Employment Level for Louisiana (EMPLOYLA), retrieved from FRED.