Unemployed: Job Losers for Idaho
JOBLOSID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,300.00
Year-over-Year Change
-5.98%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Idaho' trend measures the number of unemployed people in Idaho who have lost their jobs, providing insights into the state's labor market and economic 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 series tracks the count of unemployed workers in Idaho who have lost their previous job, rather than voluntarily leaving or entering the workforce. It serves as an important indicator of economic disruption and labor market dynamics within the state.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess labor market slack and guide decisions on fiscal and monetary policies.
Key Facts
- Idaho's job losers trend reached a peak during the COVID-19 pandemic.
- The number of job losers in Idaho has steadily declined since the economic recovery.
- Monitoring job losers data helps policymakers understand the health of Idaho's labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Idaho' trend measures the number of unemployed individuals in Idaho who have lost their previous job, rather than voluntarily leaving the workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market dynamics and economic conditions within Idaho, helping policymakers and economists assess the state's employment landscape and guide 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 trend to evaluate labor market slack and guide fiscal and monetary policy decisions that can impact employment and economic growth in Idaho.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with potential for minor delays due to the survey collection process.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Idaho (JOBLOSID), retrieved from FRED.