All Employees: Other Services in Louisiana
LASRVO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.60
Year-over-Year Change
3.23%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Other Services in Louisiana' trend measures employment in the 'Other Services' sector, which includes a diverse range of industries, in the state of Louisiana. This provides valuable insight into the overall health and dynamics of the state's 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 'Other Services' sector encompasses a wide variety of industries, such as personal care services, religious organizations, and repair and maintenance services. Tracking employment in this sector helps economists and policymakers understand the broader trends and shifts within Louisiana's service-based economy.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Historical Context
Monitoring employment in the 'Other Services' sector is useful for assessing the performance and resilience of Louisiana's economy, particularly in relation to broader national and regional trends.
Key Facts
- Louisiana's 'Other Services' sector accounts for approximately 3.5% of the state's total employment.
- Employment in this sector has remained relatively stable in Louisiana over the past decade.
- The 'Other Services' sector is an important contributor to the state's economic diversity and resilience.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in Louisiana' trend measures employment in the diverse 'Other Services' sector within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking employment in the 'Other Services' sector provides valuable insights into the overall health and dynamics of Louisiana's service-based economy, which is an important component of the state's economic landscape.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Monitoring employment in the 'Other Services' sector can help economists and policymakers assess the performance and resilience of Louisiana's economy, particularly in relation to broader national and regional trends.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Other Services in Louisiana (LASRVO), retrieved from FRED.