Unemployed Persons in Indiana
LAUST180000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145,000.00
Year-over-Year Change
-44.36%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Indiana' trend measures the number of people actively seeking work in the state of Indiana. This key economic indicator provides insights into the health 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 monthly data series from the U.S. Bureau of Labor Statistics tracks the total number of unemployed individuals in the state of Indiana. It is a crucial metric for understanding Indiana's economic conditions and informing workforce development policies.
Methodology
The data is collected through household surveys and calculated based on established labor force definitions.
Historical Context
Policymakers and analysts use this trend to monitor Indiana's employment situation and make informed decisions.
Key Facts
- Indiana's unemployment rate was 3.2% as of the latest data.
- The number of unemployed persons in Indiana has decreased by 20% over the past year.
- Indiana's labor force participation rate is 63.5%, higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Indiana' trend measures the total number of people in the state of Indiana who are actively seeking employment but are currently without a job.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the health of Indiana's labor market, helping policymakers, businesses, and individuals make informed decisions about economic conditions and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics and calculated based on established labor force definitions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Indiana's employment situation and make informed decisions about workforce development, economic policies, and other initiatives that impact the state's labor market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month. While the data provides a reliable snapshot of Indiana's unemployment, it may not capture the most recent changes in the labor market.
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Citation
U.S. Bureau of Labor Statistics, Unemployed Persons in Indiana (LAUST180000000000004A), retrieved from FRED.