Administrative and Waste Services Wages and Salaries in Louisiana
LAWADM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,950,742.00
Year-over-Year Change
8.62%
Date Range
1/1/1998 - 1/1/2025
Summary
The Administrative and Waste Services Wages and Salaries in Louisiana trend measures changes in employee compensation within the administrative and waste services industry in the state. This is an important indicator of labor market conditions and economic activity in the service sector.
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 average wages and salaries paid to workers in industries like office administration, facilities support, waste management, and other business support services across Louisiana. It provides insight into the relative strength and productivity of these service-based industries within the state's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of Louisiana's service economy and guide decisions around employment, taxation, and economic development.
Key Facts
- Louisiana's administrative and waste services sector employs over 120,000 workers.
- Wages in this industry have risen by 15% in the past 5 years.
- The sector accounts for nearly 5% of Louisiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the average wages and salaries paid to workers in Louisiana's administrative and waste services industries, including office administration, facilities support, and waste management.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the labor market and economic activity within an important service sector in Louisiana, which can inform decisions around employment, taxation, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and productivity of Louisiana's service-based economy, which can guide decisions around employment, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Administrative and Waste Services Wages and Salaries in Louisiana (LAWADM), retrieved from FRED.