Average Hourly Earnings of Production Employees: Mining and Logging in Louisiana
SMU22000001000000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.99
Year-over-Year Change
32.74%
Date Range
1/1/2001 - 6/1/2025
Summary
The 'Average Hourly Earnings of Production Employees: Mining and Logging in Louisiana' measures the average hourly pay for workers in the mining and logging industries in Louisiana. This data provides insights into labor costs and economic conditions in the state's extractive sectors.
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 trend represents the average hourly wage paid to production employees in the mining and logging industries across Louisiana. It is an important indicator of labor market dynamics and overall economic health in the state's resource extraction sectors.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists, policymakers, and industry analysts to monitor employment conditions and inflationary pressures in Louisiana's resource extraction industries.
Key Facts
- Louisiana is a major energy-producing state.
- Mining and logging account for a significant share of the state's GDP.
- Wages in these sectors can impact overall economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the mining and logging industries across the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs and economic conditions in Louisiana's resource extraction sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to monitor employment conditions and inflationary pressures in Louisiana's mining and logging industries.
Q: Are there update delays or limitations?
A: The data is published monthly, with typical release delays of around one month.
Related Trends
Coefficient for Residential Carbon Dioxide Emissions, LPG (Fuel Use) for Louisiana
EMISSCO2CHLRCBLAA
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Louisiana
LAPCEPCFUR
Coefficient for Industrial Carbon Dioxide Emissions, Motor Gasoline for Louisiana
EMISSCO2CMGICBLAA
Housing Inventory: Price Reduced Count Year-Over-Year in Louisiana
PRIREDCOUYYLA
Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Louisiana
MSRSLA441
Gross Domestic Product: Accommodation and Food Services (72) in Louisiana
LAACCFDNGSP
Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Mining and Logging in Louisiana (SMU22000001000000008), retrieved from FRED.