All Employees: Employment Services in Louisiana
SMU22000006056130001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
-4.14%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Employment Services in Louisiana' trend measures the total number of people employed in the employment services industry in Louisiana. This data provides insights into the strength and dynamics of the state's labor market.
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 monthly count of nonfarm payroll employees in the employment services industry for the state of Louisiana. It is a key indicator of economic activity and labor demand, used by policymakers, analysts, and businesses to understand workforce trends.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of establishments.
Historical Context
Monitoring this employment trend helps inform policy decisions and business strategies related to the Louisiana economy.
Key Facts
- Louisiana employment services industry employs over 40,000 workers.
- This trend experienced a sharp decline during the COVID-19 pandemic.
- Employment services is a key component of Louisiana's service sector economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the employment services industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength and dynamics of Louisiana's labor market, which is crucial for policymakers, businesses, and economists to understand.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of establishments.
Q: How is this trend used in economic policy?
A: Monitoring this employment trend helps inform policy decisions and business strategies related to the Louisiana economy.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions of the Current Employment Statistics survey.
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Citation
U.S. Federal Reserve, All Employees: Employment Services in Louisiana (SMU22000006056130001A), retrieved from FRED.