All Employees: Professional and Business Services in Louisiana
LAPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.10
Year-over-Year Change
0.05%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Professional and Business Services in Louisiana' trend measures employment in the professional and business services sector in the state of Louisiana. This metric is an important indicator of economic activity and confidence in the region.
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 series tracks the total number of people employed in professional and business services industries in Louisiana, such as legal, accounting, engineering, and administrative services. It provides insight into the strength of the state's service-oriented economy and is closely watched by policymakers and analysts.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in professional and business services employment are used to assess the broader economic conditions and outlook for Louisiana.
Key Facts
- Louisiana has over 300,000 professional and business services employees.
- This sector accounts for nearly 15% of the state's total nonfarm employment.
- Employment in professional and business services has grown by 8% in Louisiana over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Professional and Business Services in Louisiana' trend measures the total employment in professional and business services industries across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Louisiana's service-oriented economy and is closely watched by policymakers and economists to assess broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in professional and business services employment are used by policymakers, analysts, and businesses to evaluate the economic outlook and conditions in Louisiana.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Professional and Business Services in Louisiana (LAPBSV), retrieved from FRED.