Average Weekly Earnings of All Employees: Education and Health Services in Louisiana
SMU22000006500000011A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
862.30
Year-over-Year Change
30.98%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the average weekly earnings of all employees in the education and health services sector in Louisiana. It provides insight into wage levels and trends in a key part of 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 weekly earnings trend tracks compensation for workers in the education and healthcare industries in Louisiana. It is an important indicator of economic conditions and standard of living for a large share of the state's workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of employers.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the health of Louisiana's service sector and labor market.
Key Facts
- Louisiana's education and health services sector employs over 400,000 workers.
- Average weekly earnings in this sector have risen by 20% over the past decade.
- Wages in this industry are typically higher than the state's overall private sector average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of all employees in the education and health services sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage levels and trends for a major part of Louisiana's economy, which is crucial for assessing economic conditions and the standard of living for many workers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey of employers.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to evaluate the health of Louisiana's service sector and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of All Employees: Education and Health Services in Louisiana (SMU22000006500000011A), retrieved from FRED.