Unemployment Level for North Carolina
UNEMPLOYNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178,800.00
Year-over-Year Change
-29.10%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for North Carolina tracks the total number of unemployed individuals in the state. This key economic indicator provides insights into the overall health of the North Carolina 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
The Unemployment Level for North Carolina measures the total number of residents in the state who are jobless and actively seeking employment. This metric is widely used by economists and policymakers to assess labor force dynamics and identify potential areas for economic intervention.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Level for North Carolina is closely monitored by the Federal Reserve, state government, and private sector analysts to inform economic policies and investment decisions.
Key Facts
- North Carolina's unemployment level stood at 214,000 as of the latest data.
- The state's unemployment rate was 4.2% in the most recent reporting period.
- Unemployment in North Carolina has declined steadily since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for North Carolina tracks the total number of residents in the state who are jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health of the North Carolina labor market, which is closely monitored by economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Unemployment Level for North Carolina is closely tracked by the Federal Reserve, state government, and private sector analysts to inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The unemployment data is released on a monthly basis, with a typical delay of 1-2 weeks from the end of the reference period.
Related Trends
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Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in North Carolina
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90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for North Carolina
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Average Weekly Earnings of All Employees: Private Service Providing in North Carolina
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Citation
U.S. Federal Reserve, Unemployment Level for North Carolina (UNEMPLOYNC), retrieved from FRED.