Average Weekly Earnings of All Employees: Goods Producing in Louisiana
SMU22000000600000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,443.33
Year-over-Year Change
-4.04%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the goods-producing sector of Louisiana. It provides insight into the labor market and economic conditions in the state.
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 Weekly Earnings of All Employees: Goods Producing in Louisiana metric tracks the average weekly compensation for workers in the goods-producing industries, such as manufacturing, construction, and mining, within the state. This data is used by economists and policymakers to monitor changes in worker productivity and purchasing power.
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 relevant for understanding the overall economic health and competitiveness of Louisiana's goods-producing industries.
Key Facts
- Louisiana's goods-producing sector employs over 300,000 workers.
- Average weekly earnings in this sector have grown by 20% over the past decade.
- The goods-producing industry accounts for 15% of Louisiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the goods-producing sector of Louisiana, including industries like manufacturing, construction, and mining.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor market and economic conditions in Louisiana's goods-producing industries, which are important drivers of the state's overall economic performance.
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: Policymakers and economists use this trend to monitor changes in worker productivity and purchasing power within Louisiana's goods-producing sector, which informs decisions about economic development, workforce training, and other policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Goods Producing in Louisiana (SMU22000000600000011), retrieved from FRED.