All Employees: Private Service Providing in Louisiana
SMU22000000800000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,367.10
Year-over-Year Change
1.61%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of private service-providing employees in Louisiana. It is a key indicator of the state's economic activity and labor market health.
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 All Employees: Private Service Providing in Louisiana trend tracks the monthly count of employees in private service-providing industries within the state. This data is used by economists and policymakers to assess the overall strength of Louisiana's service sector and broader economic conditions.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by analysts to gauge the performance of Louisiana's private services industries and inform economic policy decisions.
Key Facts
- Louisiana has a population of over 4.6 million people.
- The private service sector accounts for over 75% of Louisiana's GDP.
- This data series dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: The All Employees: Private Service Providing in Louisiana trend measures the total number of people employed in private service-providing industries within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Louisiana's economic health and the performance of its private service sector, which is a crucial driver of the state's overall GDP.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this data to assess the strength of Louisiana's labor market and service industries, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All Employees: Private Service Providing in Louisiana (SMU22000000800000001), retrieved from FRED.