Construction Earnings in Louisiana
LAECON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,060,818.00
Year-over-Year Change
25.39%
Date Range
1/1/1998 - 1/1/2025
Summary
The Construction Earnings in Louisiana trend measures average weekly earnings for workers in the construction industry in the state of Louisiana. This metric provides insight into the economic conditions and labor market dynamics within the state's construction sector.
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 Construction Earnings in Louisiana series tracks the average weekly earnings of employees in the construction industry across the state. This data point is used by economists and policymakers to assess the health and competitiveness of Louisiana's construction labor market and broader economic conditions.
Methodology
The data is collected through surveys of construction businesses in Louisiana by the U.S. Bureau of Labor Statistics.
Historical Context
This metric helps inform decisions around infrastructure investment, workforce development, and economic policies in the state.
Key Facts
- Construction is a major industry in Louisiana, comprising over 5% of the state's GDP.
- Average weekly construction earnings in Louisiana are higher than the national average.
- Construction earnings have remained relatively stable in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Construction Earnings in Louisiana trend measures the average weekly earnings of workers employed in the construction industry within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic conditions and labor market dynamics within Louisiana's construction sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction businesses in Louisiana by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Construction Earnings in Louisiana trend helps inform decisions around infrastructure investment, workforce development, and other economic policies in the state.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Construction Earnings in Louisiana (LAECON), retrieved from FRED.