Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for the District of Columbia
U1UNEM1DC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-41.03%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in the District of Columbia that has been unemployed for 15 weeks or longer. It provides important insights into the severity and duration of unemployment in the region.
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 Persons Unemployed 15 Weeks or Longer statistic tracks the share of the labor force that has experienced longer-term joblessness. This metric is a key indicator of economic conditions and labor market health for policymakers and analysts.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic and employment policies.
Key Facts
- The current rate is X.X%.
- Long-term unemployment peaked at Y.Y% during the Great Recession.
- This metric has returned to pre-pandemic levels of Z.Z%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in the District of Columbia that has been unemployed for 15 weeks or longer.
Q: Why is this trend relevant for users or analysts?
A: The Persons Unemployed 15 Weeks or Longer statistic is a key indicator of labor market health and the severity of unemployment in the region, providing important insights for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to inform economic and employment policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for the District of Columbia (U1UNEM1DC), retrieved from FRED.