Average Weekly Earnings of All Employees: Financial Activities in Louisiana
SMU22000005500000011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,256.84
Year-over-Year Change
2.57%
Date Range
1/1/2007 - 6/1/2025
Summary
The Average Weekly Earnings of All Employees: Financial Activities in Louisiana measures the average weekly earnings of workers in the financial activities sector within the state of Louisiana. This metric provides insight into wage trends and labor market conditions in the state's financial 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 all employees, including both full-time and part-time workers, in the financial activities sector in Louisiana. It is a key indicator of compensation and economic well-being for workers in this important industry within the state.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Historical Context
This earnings trend is closely monitored by policymakers, economists, and industry analysts to assess the financial health and labor dynamics of Louisiana's economy.
Key Facts
- The series dates back to 2007.
- Louisiana's financial activities sector employs over 100,000 workers.
- Earnings in this sector tend to be higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees, both full-time and part-time, working in the financial activities sector within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and labor market conditions in Louisiana's financial industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this earnings trend to assess the financial health and labor dynamics of Louisiana's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Financial Activities in Louisiana (SMU22000005500000011), retrieved from FRED.