Unemployed Persons in North Carolina
LAUST370000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191,776.00
Year-over-Year Change
-57.52%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in North Carolina' trend measures the total number of unemployed individuals in the state of North Carolina. This metric is a key indicator of the state's overall economic health 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
This data series tracks the total number of North Carolina residents who are currently without jobs and actively seeking employment. Economists and policymakers closely monitor this trend to assess the state's economic performance and make informed decisions about workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This unemployment metric helps inform state-level economic and employment policies.
Key Facts
- North Carolina's unemployment rate was 3.4% as of the latest data.
- Unemployment in the state has declined steadily since the 2008-2009 recession.
- The COVID-19 pandemic caused a temporary spike in North Carolina unemployment in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in North Carolina' trend measures the total number of individuals in the state who are without jobs and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment metric is a key indicator of North Carolina's economic health and labor market conditions, helping to inform state-level policy decisions.
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: Policymakers and economists use this unemployment data to assess the state's economic performance and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release.
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Citation
U.S. Federal Reserve, Unemployed Persons in North Carolina (LAUST370000000000004A), retrieved from FRED.