Civilian Labor Force in Montana
LAUST300000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
578,589.00
Year-over-Year Change
13.85%
Date Range
1/1/1976 - 1/1/2024
Summary
The Civilian Labor Force in Montana measures the total number of people in Montana who are employed or actively seeking employment. This trend is a key indicator of the state's economic activity and workforce dynamics.
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 Civilian Labor Force in Montana represents the total number of individuals aged 16 and older who are either employed or unemployed but actively seeking work. This metric provides insights into the size and composition of Montana's labor market, which is crucial for policymakers, businesses, and economists analyzing economic trends and conditions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Civilian Labor Force in Montana is used to assess the overall health of the state's economy and inform policy decisions related to employment, workforce development, and economic growth.
Key Facts
- Montana's civilian labor force was 538,700 as of the latest data.
- The labor force participation rate in Montana was 62.3% in the same period.
- Montana's unemployment rate was 3.4% at the time of the latest data release.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force in Montana measures the total number of people aged 16 and older who are employed or actively seeking employment within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall health and dynamics of Montana's labor market, which is crucial information for policymakers, businesses, and economists analyzing the state's economic conditions and trends.
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.
Q: How is this trend used in economic policy?
A: The Civilian Labor Force in Montana is used to assess the overall health of the state's economy and inform policy decisions related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis by the U.S. Bureau of Labor Statistics, but there may be some time lag in the release of the latest figures.
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Citation
U.S. Federal Reserve, Civilian Labor Force in Montana (LAUST300000000000006A), retrieved from FRED.