Unemployed Persons in Utah
Monthly, Seasonally Adjusted
LASST490000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,461.00
Year-over-Year Change
-0.57%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Monthly, Seasonally Adjusted' series measures the unemployment rate in South Dakota, a key economic indicator for policymakers and analysts.
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 represents the percentage of the civilian labor force in South Dakota that is currently unemployed, with seasonal adjustments to account for recurring fluctuations. It is a widely tracked metric for assessing the strength of the state's labor market and economic conditions.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Unemployment statistics are used by government, businesses, and economists to guide economic and policy decisions.
Key Facts
- South Dakota has one of the lowest unemployment rates in the U.S.
- The state's labor force participation rate is consistently above the national average.
- Unemployment in South Dakota is heavily influenced by seasonal industries like agriculture and tourism.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly unemployment rate in the state of South Dakota, adjusting for seasonal variations in employment.
Q: Why is this trend relevant for users or analysts?
A: The South Dakota unemployment rate is a key indicator of the state's economic health and labor market conditions, which is valuable information for policymakers, businesses, and economists.
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: Unemployment statistics are closely monitored by government agencies, central banks, and analysts to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks between the reference period and the public release.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LASST490000000000004), retrieved from FRED.