Average Weekly Earnings of All Employees: Construction in Louisiana
SMU22000002000000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,388.76
Year-over-Year Change
-2.17%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures the average weekly earnings of all employees in the construction industry in Louisiana. It provides insight into labor costs and economic conditions in this vital sector.
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: Construction in Louisiana is a key indicator of economic activity and labor market trends in the state's construction industry. It is used by economists, policymakers, and industry analysts to gauge wage pressures, labor availability, and the overall health of this important component of the Louisiana economy.
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 construction firms, real estate developers, and government agencies as they make investment and policy decisions.
Key Facts
- Louisiana's construction industry employs over 125,000 workers.
- Construction wages in Louisiana are typically 15% higher than the national average.
- Weekly earnings in the state's construction sector have grown by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average weekly earnings of all employees in the construction industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into labor costs, wage pressures, and economic conditions in Louisiana's construction sector, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Construction industry data, including average weekly earnings, is closely monitored by policymakers, real estate developers, and other stakeholders as they make investment and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of around 4-6 weeks.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Construction in Louisiana (SMU22000002000000011), retrieved from FRED.