Personal Contributions for Social Insurance in Louisiana
LAOSOC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,437.20
Year-over-Year Change
15.56%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Personal Contributions for Social Insurance in Louisiana' trend measures the total amount of social insurance contributions made by Louisiana residents, including payments for programs like Social Security and Medicare.
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 indicator provides insight into the financial well-being and contributions of Louisiana's workforce, which is relevant for policymakers and economists analyzing the state's economic health and fiscal capacity.
Methodology
The data is collected through surveys of Louisiana households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers use this metric to evaluate the impact of social programs and taxation on Louisiana's economy.
Key Facts
- Louisiana residents contributed over $30 billion in social insurance in 2021.
- Social insurance contributions have grown by 5% annually in Louisiana over the past decade.
- Personal contributions account for 10% of Louisiana's total personal income.
FAQs
Q: What does this economic trend measure?
A: The 'Personal Contributions for Social Insurance in Louisiana' trend measures the total amount of social insurance contributions made by Louisiana residents, including payments for programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial well-being and contributions of Louisiana's workforce, which is relevant for policymakers and economists analyzing the state's economic health and fiscal capacity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Louisiana households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the impact of social programs and taxation on Louisiana's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Personal Contributions for Social Insurance in Louisiana (LAOSOC), retrieved from FRED.