Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Slovak Republic
Monthly, Seasonally Adjusted
LRHUTTMASKM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
2.08%
Date Range
1/1/1998 - 6/1/2025
Summary
This monthly, seasonally adjusted trend measures the unemployment rate in Montana. It is a key indicator of the state's 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
The unemployment rate tracks the percentage of the civilian labor force in Montana that is jobless but actively seeking employment. This data helps policymakers and analysts assess the strength of the state's economy and workforce.
Methodology
The U.S. Bureau of Labor Statistics collects this data through household surveys.
Historical Context
The Montana unemployment rate is used to inform economic policies and business decisions.
Key Facts
- Montana's unemployment rate averaged 2.9% in 2022.
- The state's jobless rate reached a high of 8.7% during the COVID-19 pandemic.
- Montana's unemployment is consistently lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted unemployment rate in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: The Montana unemployment rate is a key indicator of the state's economic health and labor market conditions, helping policymakers and businesses assess workforce trends.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through household surveys.
Q: How is this trend used in economic policy?
A: The Montana unemployment rate is used to inform economic policies and business decisions at the state and local level.
Q: Are there update delays or limitations?
A: This data is reported monthly with a typical 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LRHUTTMASKM156S), retrieved from FRED.