Unemployed: Job Losers for Alabama
JOBLOSAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,700.00
Year-over-Year Change
-36.13%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Alabama' series measures the number of unemployed individuals in Alabama who have lost their jobs, providing key insights into the state's 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 economic indicator tracks the number of Alabama residents who have become unemployed due to job loss, which is an important measure of economic stability and workforce dynamics. It is used by policymakers, economists, and analysts to assess the health of the state's labor market and inform economic policies.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to gauge the overall strength of the Alabama economy.
Key Facts
- The 'Unemployed: Job Losers for Alabama' series is a key indicator of the state's economic performance.
- This metric helps policymakers assess the effectiveness of employment and workforce development programs.
- Trends in job loss can signal broader shifts in the Alabama economy, such as changes in industry composition or business climate.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Alabama' series measures the number of individuals in Alabama who have lost their jobs and are currently unemployed.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health of Alabama's labor market and the broader economic conditions in the state. It helps policymakers and analysts assess the effectiveness of employment programs and identify potential areas for improvement.
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 'Unemployed: Job Losers for Alabama' series is closely monitored by the Federal Reserve and other institutions to gauge the overall strength of the state's economy and inform economic policies and workforce development programs.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, with some potential for minor delays due to the survey-based nature of the collection process. Users should refer to the Federal Reserve's FRED database for the most up-to-date information and any relevant limitations.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Alabama (JOBLOSAL), retrieved from FRED.