Mining Earnings in Louisiana
LAEMIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,587,302.00
Year-over-Year Change
2.90%
Date Range
1/1/1998 - 1/1/2025
Summary
The Mining Earnings in Louisiana trend measures the average weekly earnings of workers in the mining industry in the state of Louisiana. This metric is important for economists and policymakers to understand the economic conditions and labor market dynamics in the state's energy 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 Mining Earnings in Louisiana trend provides insights into the compensation levels and earning power of workers in the state's mining and extraction industries, which include oil and gas production. This data is used to analyze industry competitiveness, labor market trends, and the overall economic health of the energy sector in Louisiana.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Mining earnings are a key indicator monitored by policymakers and market analysts to assess the strength of Louisiana's energy industry and its contribution to the state's economy.
Key Facts
- Mining is a major industry in Louisiana, accounting for over 100,000 jobs.
- Average weekly mining earnings in Louisiana are over $1,800, higher than the national average.
- Mining earnings have been volatile in recent years due to fluctuations in energy prices.
FAQs
Q: What does this economic trend measure?
A: The Mining Earnings in Louisiana trend measures the average weekly earnings of workers in the mining industry, including oil and gas production, in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic health and labor market dynamics of Louisiana's vital energy sector, which is a major driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Mining earnings are closely monitored by policymakers and market analysts to assess the strength of Louisiana's energy industry and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Mining Earnings in Louisiana (LAEMIN), retrieved from FRED.