Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Louisiana
SMU22000003200000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,820.82
Year-over-Year Change
15.67%
Date Range
1/1/2001 - 7/1/2025
Summary
This economic trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Louisiana. It provides insights into wage trends and labor market conditions in this important 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
The Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Louisiana tracks the average weekly earnings for production workers in the non-durable goods manufacturing sector within the state of Louisiana. This metric is a key indicator of economic activity and labor market strength in this industry.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze labor market conditions and wage trends in Louisiana's non-durable goods manufacturing sector.
Key Facts
- This trend has been tracked since 1939.
- Louisiana's non-durable goods manufacturing accounts for over 10% of the state's GDP.
- The average weekly earnings in this sector have increased by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of production employees in the non-durable goods manufacturing sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into wage trends and labor market conditions in Louisiana's non-durable goods 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 surveys of manufacturing establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this trend to analyze labor market conditions and wage trends in Louisiana's non-durable goods manufacturing sector, which informs economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month delay. The sample size may limit the reliability of the data for smaller geographic areas or industries.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Louisiana (SMU22000003200000030), retrieved from FRED.