Average Hourly Earnings of All Employees: Total Private in Louisiana
SMU22000000500000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.62
Year-over-Year Change
3.06%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average hourly earnings of all private sector employees in Louisiana. It provides insights into the state's labor market and wage conditions, which are key indicators for policymakers and economists.
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 Average Hourly Earnings of All Employees: Total Private in Louisiana is a monthly indicator that tracks the average hourly wage paid to private sector workers in the state. It serves as a barometer of labor market tightness and can inform decisions around employment, inflation, and economic growth.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the overall health and competitiveness of Louisiana's labor market.
Key Facts
- Louisiana's average hourly earnings are typically lower than the national average.
- Wages have been gradually increasing in Louisiana over the past decade.
- The trend is an important indicator of the state's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all private sector employees in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Louisiana's labor market conditions and wage dynamics, which are key indicators for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the overall health and competitiveness of Louisiana's labor market, which can inform decisions around employment, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Total Private in Louisiana (SMU22000000500000003), retrieved from FRED.