Transportation and Warehousing Wages and Salaries in Louisiana
LAWTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,801,801.00
Year-over-Year Change
26.47%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the wages and salaries in the transportation and warehousing industry in Louisiana. It provides insights into labor costs and productivity in a key sector 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 Transportation and Warehousing Wages and Salaries in Louisiana metric tracks the average earnings of workers in the transportation, logistics, and distribution industries across the state. It serves as an important indicator of economic activity and competitiveness in this vital business segment.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge the health of Louisiana's supply chain and logistics infrastructure.
Key Facts
- Louisiana ranks 5th nationally in transportation and warehousing GDP.
- Wages in this sector are 8% above the national average.
- The industry accounts for over 180,000 jobs in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average wages and salaries paid to workers in the transportation, logistics, and warehousing industries across Louisiana.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor costs and productivity in a crucial sector of Louisiana's economy, informing business decisions and economic policy.
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, industry analysts, and investors closely monitor this trend to gauge the health of Louisiana's supply chain and logistics infrastructure.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Transportation and Warehousing Wages and Salaries in Louisiana (LAWTRA), retrieved from FRED.