Civilian Labor Force in Louisiana
LALF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,074,309.00
Year-over-Year Change
-0.19%
Date Range
1/1/1976 - 6/1/2025
Summary
The Civilian Labor Force in Louisiana measures the total number of people aged 16 and over who are employed or actively seeking work in the state. This metric is a key indicator of the overall health and dynamics of the Louisiana economy.
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 Civilian Labor Force represents the total supply of available workers in Louisiana, including both employed and unemployed individuals. Economists and policymakers closely monitor this data to assess labor market trends, workforce participation, and potential labor shortages or surpluses.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Civilian Labor Force is a crucial input for forecasting economic growth, setting monetary and fiscal policies, and understanding the state's labor market conditions.
Key Facts
- The Civilian Labor Force in Louisiana was 2.15 million as of December 2022.
- Louisiana's labor force participation rate was 57.4% in December 2022.
- The state's unemployment rate stood at 3.9% in December 2022.
FAQs
Q: What does the Civilian Labor Force in Louisiana measure?
A: The Civilian Labor Force in Louisiana represents the total number of people aged 16 and over who are employed or actively seeking work in the state.
Q: Why is the Civilian Labor Force trend relevant for users or analysts?
A: The Civilian Labor Force is a key indicator of the overall health and dynamics of the Louisiana economy, providing insights into labor market trends, workforce participation, and potential labor shortages or surpluses.
Q: How is the Civilian Labor Force data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Civilian Labor Force trend used in economic policy?
A: The Civilian Labor Force is a crucial input for forecasting economic growth, setting monetary and fiscal policies, and understanding the state's labor market conditions.
Q: Are there update delays or limitations for the Civilian Labor Force data?
A: The Civilian Labor Force data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of 1-2 weeks.
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Citation
U.S. Federal Reserve, Civilian Labor Force in Louisiana (LALF), retrieved from FRED.