Unemployed: Job Losers for Montana
JOBLOSMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,100.00
Year-over-Year Change
-20.87%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Montana' metric tracks the number of unemployed individuals in Montana who have lost their jobs, providing crucial insights into the state's labor market dynamics.
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 represents the count of Montana residents who are jobless due to layoffs, company closures, or other involuntary separations from their previous employer. It is an important measure of economic distress and a leading indicator of broader employment trends in the state.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and analysts use this metric to assess the health of Montana's labor market and inform decisions on economic and workforce development initiatives.
Key Facts
- Montana's job loss rate is closely tied to the state's overall economic performance.
- The 'Unemployed: Job Losers' metric helps identify sectors or regions within Montana that are experiencing disproportionate job losses.
- Tracking this trend over time can reveal the pace and duration of economic recovery in Montana.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Montana' metric measures the number of individuals in Montana who have lost their jobs, providing insights into the state's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health of Montana's labor market and informing economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of Montana's labor market and inform decisions on economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the U.S. Bureau of Labor Statistics' Current Population Survey.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Montana (JOBLOSMT), retrieved from FRED.