Average Weekly Earnings of Production Employees: Manufacturing in Louisiana
SMU22000003000000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,481.30
Year-over-Year Change
8.33%
Date Range
1/1/2001 - 6/1/2025
Summary
The Average Weekly Earnings of Production Employees: Manufacturing in Louisiana measures the average weekly earnings of production workers in the manufacturing sector of Louisiana. This economic indicator provides insight into labor market conditions and wage trends in the state's manufacturing industry.
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 tracks the average weekly earnings of production employees in the manufacturing sector of Louisiana. It is a key metric used by economists and policymakers to analyze trends in worker compensation and the overall health of the state's manufacturing economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments in Louisiana by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to inform decisions around labor market policies, economic development strategies, and regional economic performance.
Key Facts
- Louisiana's average weekly manufacturing wages were $1,196 in 2022.
- Manufacturing accounts for over 10% of Louisiana's total employment.
- The state's manufacturing wages have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production workers in the manufacturing sector of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into labor market conditions and wage trends in Louisiana's manufacturing industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments in Louisiana by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around labor market policies, economic development strategies, and regional economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Louisiana
LAPCEONDURG
Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Louisiana
LAADMINWASTNQGSP
Housing Inventory: Average Listing Price in Louisiana
AVELISPRILA
Monthly State Retail Sales: Electronics and Appliance Stores in Louisiana
MSRSLA443
Gross Domestic Product: Information (51) in Louisiana
LAINFONGSP
Value of Exports to Estonia from Louisiana
LAESTA052SCEN
Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing in Louisiana (SMU22000003000000030), retrieved from FRED.