Unemployed Persons in Maryland
LASST240000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107,359.00
Year-over-Year Change
6.55%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Unemployed Persons in Maryland' series measures the number of unemployed individuals in the state of Maryland. This metric is crucial for economists and policymakers to gauge the state's labor market conditions and overall economic health.
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 represents the total count of unemployed people in Maryland, as reported by the U.S. Bureau of Labor Statistics. It is a key indicator of the state's employment landscape and can inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Trends in unemployed persons are closely watched by Federal Reserve policymakers and financial market analysts to assess the strength of the regional economy.
Key Facts
- Maryland's unemployment rate was 3.8% as of the latest data.
- The number of unemployed persons in Maryland has declined by 30% since the COVID-19 pandemic.
- Unemployment claims in Maryland peaked at over 340,000 in April 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Maryland' series measures the total number of people actively seeking work but unable to find employment in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the strength of Maryland's labor market and overall economic conditions. It informs policymakers, businesses, and consumers about the state's employment landscape.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in unemployed persons in Maryland are closely monitored by the Federal Reserve and other policymakers to assess the regional economy and inform decisions on interest rates, stimulus measures, and other policies.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available. However, it provides a timely snapshot of Maryland's labor market conditions.
Related Trends
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Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Maryland
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Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Maryland
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Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Maryland
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Citation
U.S. Federal Reserve, Unemployed Persons in Maryland (LASST240000000000004), retrieved from FRED.