Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Louisiana
SMU22000003100000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.40
Year-over-Year Change
-12.55%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods industries in Louisiana. It provides insight into the state's manufacturing labor force and economic activity.
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 Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Louisiana indicator tracks the total number of non-managerial workers employed in the manufacturing of durable goods within the state. This metric is used by economists and policymakers to gauge the health and output of Louisiana's manufacturing sector.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the broader state of Louisiana's economy and labor market conditions.
Key Facts
- Manufacturing accounts for over 10% of Louisiana's GDP.
- Durable goods production represents about half of the state's manufacturing jobs.
- This indicator has shown modest growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of production or nonsupervisory employees in the manufacturing of durable goods industries located in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and output of Louisiana's manufacturing sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of Louisiana's manufacturing labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Louisiana (SMU22000003100000006A), retrieved from FRED.