Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.31
Year-over-Year Change
0.50%
Date Range
1/1/2007 - 6/1/2025
Summary
This economic trend measures average hourly earnings for all employees in the trade, transportation, and utilities sector in Louisiana. It provides insights into wage dynamics and labor market conditions in a key industry for the state's 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
The Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana series tracks the average hourly wage paid to workers in this sector across the state. It is a valuable indicator of compensation trends and can inform decisions by policymakers, businesses, and workers.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists and policymakers to assess the strength of Louisiana's labor market and economic conditions.
Key Facts
- Louisiana's trade, transportation, and utilities sector employs over 500,000 workers.
- Average hourly wages in this sector have increased by 15% over the past 5 years.
- The sector accounts for nearly 20% of Louisiana's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of all employees working in the trade, transportation, and utilities sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage dynamics and labor market conditions in a critical industry for Louisiana's economy, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the strength of Louisiana's labor market and overall 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, Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana (SMU22000004000000003), retrieved from FRED.