Unemployed: Job Losers for Tennessee
JOBLOSTN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,100.00
Year-over-Year Change
-51.19%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Tennessee' metric tracks the number of people in Tennessee who have lost their jobs, providing valuable 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 measures the number of Tennessee residents who are unemployed due to job loss, a key indicator of economic health and labor market trends. Policymakers and analysts use this data to understand the causes and impacts of unemployment in the state.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to gauge the strength of Tennessee's economy and inform economic and workforce development strategies.
Key Facts
- Tennessee's job loss rate has fluctuated over the past decade.
- Unemployment due to job loss can have significant impacts on individuals, families, and communities.
- Policymakers use this data to develop programs and policies to support displaced workers.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Tennessee' metric tracks the number of people in Tennessee who have lost their jobs, providing insights into the state's labor market and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the causes and impacts of unemployment in Tennessee, allowing policymakers and analysts to develop effective strategies to support the state's workforce and 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 businesses closely monitor this metric to gauge the strength of Tennessee's economy and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update delays of a few weeks or months.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Tennessee (JOBLOSTN), retrieved from FRED.