Arts, Entertainment and Recreation Wages and Salaries in Louisiana
LAWART • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,558,768.00
Year-over-Year Change
33.97%
Date Range
1/1/1998 - 1/1/2025
Summary
The Arts, Entertainment and Recreation Wages and Salaries in Louisiana trend measures the average hourly earnings of workers in the arts, entertainment and recreation industry in Louisiana. This data provides insight into the economic conditions and labor market dynamics of this important 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 hourly wage paid to employees in the arts, entertainment and recreation industry within the state of Louisiana. It serves as a key indicator of compensation levels and labor market trends in this service-oriented economic segment.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for analyzing the economic health and competitiveness of Louisiana's creative industries.
Key Facts
- Louisiana's arts and entertainment sector employs over 50,000 workers.
- Average hourly wages in this industry are $18.50 as of the latest data.
- Wages have grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages and salaries paid to workers in the arts, entertainment and recreation industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the compensation levels and labor market dynamics of Louisiana's creative sector, which is an important part of the state's economy.
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: This trend is relevant for policymakers and economists analyzing the competitiveness and growth of Louisiana's arts and entertainment industries.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
Related Trends
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Louisiana
MEDSQUFEEYYLA
Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana
LAEDCATQQGSP
Imports of Goods: Manufactured Commodities for Louisiana
IMPMANLA
Gross Domestic Product: Air Transportation (481) in Louisiana
LAAIRTRANNGSP
Industrial Carbon Dioxide Emissions, Residual Fuel for Louisiana
EMISSCO2VRFICBLAA
Retail Trade Earnings in Louisiana
LAERET
Citation
U.S. Federal Reserve, Arts, Entertainment and Recreation Wages and Salaries in Louisiana (LAWART), retrieved from FRED.