Unemployed: Job Losers for Massachusetts
JOBLOSMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,200.00
Year-over-Year Change
-50.56%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Massachusetts' trend measures the number of unemployed individuals in Massachusetts who have lost their jobs. This metric is crucial for economists and policymakers to understand labor market dynamics and identify areas for potential intervention.
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 number of unemployed Massachusetts residents who have been laid off or terminated from their previous employment. It provides insight into the underlying causes of unemployment in the state, helping analysts assess the health of the local economy and labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to inform decisions about economic and workforce development policies in Massachusetts.
Key Facts
- Massachusetts has a population of approximately 6.9 million people.
- The unemployment rate in Massachusetts is currently around 3.5%.
- The number of job losers in Massachusetts has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Massachusetts' trend measures the number of unemployed individuals in Massachusetts who have lost their jobs, providing insight into the state's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to understand the underlying causes of unemployment in Massachusetts and assess the health of the local economy.
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 inform decisions about economic and workforce development policies in Massachusetts.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Massachusetts (JOBLOSMA), retrieved from FRED.