Earnings by Place of Work in Louisiana
LAEPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183,881,823.00
Year-over-Year Change
15.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Earnings by Place of Work in Louisiana' metric measures the total compensation, including wages and salaries, earned by workers located in the state of Louisiana. This data provides valuable insights into the economic health and productivity of the Louisiana 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
This economic series tracks the total earnings generated through work performed within the geographic boundaries of Louisiana, regardless of where the worker resides. It is a key indicator of labor market conditions and can help policymakers and analysts understand trends in Louisiana's economic output and standard of living.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other statistical sources.
Historical Context
Earnings by place of work data is used by government agencies, economists, and market analysts to assess the overall performance of the Louisiana economy.
Key Facts
- Louisiana's total earnings by place of work were $206 billion in 2021.
- Earnings grew by 7.2% in Louisiana from 2020 to 2021.
- The largest industry contributor to Louisiana earnings is Mining, which accounted for 16% of total earnings in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Earnings by Place of Work in Louisiana' metric measures the total compensation, including wages and salaries, earned by workers located in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic health and productivity of the Louisiana labor market, which is essential for policymakers, economists, and market analysts assessing the overall performance of the Louisiana economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: Earnings by place of work data is used by government agencies, economists, and market analysts to assess the overall performance of the Louisiana economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The earnings data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Earnings by Place of Work in Louisiana (LAEPLA), retrieved from FRED.