Average Hourly Earnings of All Employees: Manufacturing in Louisiana
SMU22000003000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.49
Year-over-Year Change
1.50%
Date Range
1/1/2007 - 7/1/2025
Summary
The Average Hourly Earnings of All Employees: Manufacturing in Louisiana measures the average hourly wage for manufacturing workers in the state. This metric is a key indicator of labor market conditions and worker compensation in the local economy.
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 represents the average hourly earnings for all employees in the manufacturing sector in Louisiana. It is an important economic indicator used by policymakers, analysts, and businesses to assess labor market trends and wage growth in the state's industrial base.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly sampling of businesses across the United States.
Historical Context
Manufacturing earnings data helps inform economic and workforce policies at the state level.
Key Facts
- Manufacturing is a major industry in Louisiana, employing over 150,000 workers.
- Wages in Louisiana's manufacturing sector tend to be higher than the state's overall average earnings.
- The manufacturing wage trend in Louisiana has generally outpaced national averages in recent years.
FAQs
Q: What does this economic trend measure?
A: This series measures the average hourly wage paid to all employees working in the manufacturing sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing wages are an important indicator of labor market conditions and compensation levels in a state's industrial base, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Manufacturing wage data helps inform state-level economic and workforce policies, as it reflects labor market conditions and compensation levels in a key industry sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, typically 4-6 weeks after the reference period. There are no major known limitations with this series.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Manufacturing in Louisiana (SMU22000003000000003), retrieved from FRED.