All Employees: Construction: Heavy and Civil Engineering Construction in Puerto Rico
Annual, Not Seasonally Adjusted
SMU72000002023700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-30.36%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted average hourly earnings for private sector production and nonsupervisory employees in the Baton Rouge, LA metropolitan area. It provides insights into local wage growth and labor market conditions.
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 annual, not seasonally adjusted average hourly earnings metric tracks changes in the typical hourly pay for non-managerial private sector workers in the Baton Rouge region. It is a key indicator of local economic vitality and can inform policymakers and businesses about regional labor market dynamics.
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 is used by economists, policymakers, and businesses to assess regional economic performance and make informed decisions.
Key Facts
- Baton Rouge is the capital city of Louisiana.
- This data series began in 2003.
- Wages for production and non-supervisory workers make up over 80% of total private employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted average hourly earnings for private sector production and nonsupervisory employees in the Baton Rouge, LA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into local wage growth and labor market conditions, which are key indicators of regional economic vitality and can inform policymakers and businesses about the Baton Rouge economy.
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, policymakers, and businesses to assess regional economic performance and make informed decisions.
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, Annual, Not Seasonally Adjusted (SMU72000002023700001A), retrieved from FRED.