Average Weekly Earnings of Production Employees: Mining and Logging in Louisiana
SMU22000001000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,963.42
Year-over-Year Change
46.17%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Mining and Logging in Louisiana is an important economic indicator that tracks changes in wages for workers in the mining and logging industries in the state of Louisiana.
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 series measures the average weekly earnings of production and nonsupervisory employees in the mining and logging sectors in Louisiana. It provides insights into labor costs and compensation trends in key industries for the state's economy.
Methodology
The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to understand inflationary pressures and the strength of the Louisiana labor market.
Key Facts
- Louisiana is a major producer of oil, natural gas, and other minerals.
- Mining and logging account for a significant portion of the state's economic output.
- Wage trends in these industries can signal changes in labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production and nonsupervisory employees in the mining and logging industries in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor costs and compensation trends in key industries for Louisiana's economy, which is important for understanding inflationary pressures and the strength of the state's labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand inflationary pressures and the strength of the Louisiana labor market, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Mining and Logging in Louisiana (SMU22000001000000030), retrieved from FRED.