Nondurable Manufacturing Earnings in Louisiana
LAENON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,853,635.00
Year-over-Year Change
17.45%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nondurable Manufacturing Earnings in Louisiana trend measures the average weekly earnings of production and nonsupervisory employees in the nondurable manufacturing sector of Louisiana. It is an important economic indicator for understanding the state's manufacturing industry.
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
This trend represents the average weekly earnings paid to workers in nondurable manufacturing, which includes industries like food, beverage, textile, and apparel production. It provides insights into labor costs and productivity in Louisiana's non-durable goods manufacturing sector.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
Nondurable manufacturing earnings data is used by economists, policymakers, and industry analysts to assess economic conditions and guide decisions.
Key Facts
- Louisiana is a major producer of nondurable goods like chemicals, plastics, and food products.
- Nondurable manufacturing accounts for over 10% of Louisiana's GDP.
- Earnings in this sector have risen by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Nondurable Manufacturing Earnings in Louisiana trend measures the average weekly earnings of production and non-supervisory workers in the state's nondurable manufacturing industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and productivity in Louisiana's manufacturing 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 employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Nondurable manufacturing earnings data is used by economists, policymakers, and industry analysts to assess economic conditions and guide decisions related to the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag in availability.
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Citation
U.S. Federal Reserve, Nondurable Manufacturing Earnings in Louisiana (LAENON), retrieved from FRED.