All Employees: Management of Companies and Enterprises in Louisiana
SMU22000006055000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
-10.88%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the total number of employees in the management of companies and enterprises industry in the state of Louisiana. It provides insight into the size and health of this important 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: Management of Companies and Enterprises in Louisiana data series tracks the total number of individuals employed in the management of companies and enterprises industry in Louisiana. This metric offers valuable insights into the state's professional and business services sector, which is a key component of the broader economy.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is used by policymakers, economists, and industry analysts to assess the performance and outlook of Louisiana's professional services industry.
Key Facts
- Louisiana has over 50,000 employees in the management of companies and enterprises industry.
- This sector accounts for nearly 3% of total nonfarm employment in the state.
- Employment in this industry has grown by 20% in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of employees in the management of companies and enterprises industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the size and performance of Louisiana's professional and business services sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this indicator to assess the outlook and health of Louisiana's professional services industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Management of Companies and Enterprises in Louisiana (SMU22000006055000001A), retrieved from FRED.