All Employees: Professional and Business Services: Legal Services in Louisiana
SMU22000006054110001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.46
Year-over-Year Change
0.58%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the number of people employed in the legal services industry in Louisiana. It is an important indicator of the health and activity of the state's professional and business services sector.
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 All Employees: Professional and Business Services: Legal Services in Louisiana trend tracks the total number of people employed in the legal services industry within the broader professional and business services sector in the state of Louisiana. This metric is used by economists and policymakers to gauge the strength and trajectory of the state's economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insight into the demand for legal services, which can have implications for the broader professional services market and state economic policy.
Key Facts
- Louisiana has the 4th largest legal services industry in the U.S.
- Legal services employment accounts for 2.3% of total private sector jobs in Louisiana.
- The legal services industry in Louisiana has grown by 8.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the legal services industry within the broader professional and business services sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and trajectory of Louisiana's professional services economy, which is an important driver of overall state economic activity.
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: This trend is used by economists and policymakers to gauge the health of Louisiana's professional services sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, typically 1-2 months, and provides a comprehensive view of legal services employment in Louisiana.
Related Trends
Per Capita Personal Consumption Expenditures: Services for Louisiana
LAPCEPCSRV
Continued Claims (Insured Unemployment) in Louisiana
LACCLAIMS
State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Louisiana
LAOTHSLSTAX
Average Weekly Earnings of All Employees: Professional and Business Services in Louisiana
SMU22000006000000011A
All Employees: Accommodation and Food Services in Louisiana
SMU22000007072000001A
Real Gross Domestic Product: State and Local in Louisiana
LAGOVSLRGSP
Citation
U.S. Federal Reserve, All Employees: Professional and Business Services: Legal Services in Louisiana (SMU22000006054110001SA), retrieved from FRED.