Unemployed Persons in Arizona
LAUST040000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,094.00
Year-over-Year Change
-46.48%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Arizona' trend measures the total number of unemployed individuals in the state of Arizona. This metric is a key indicator of 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 total count of people in Arizona who are jobless, actively seeking work, and available for employment. It is an important statistic used by economists, policymakers, and businesses to assess workforce dynamics and gauge the overall health of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs decisions around economic policies, investments, and workforce development programs in Arizona.
Key Facts
- Arizona's unemployment rate has fluctuated between 4-6% over the past 5 years.
- The number of unemployed persons in Arizona peaked at over 400,000 during the COVID-19 pandemic.
- The state's largest industries include aerospace, technology, and tourism.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Arizona' metric tracks the total number of jobless individuals actively seeking work in the state.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding the health of Arizona's labor market and overall economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this information through household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and businesses in Arizona use this metric to inform decisions around workforce development, social programs, and investments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 week delay from the reference period.
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Citation
U.S. Federal Reserve, Unemployed Persons in Arizona (LAUST040000000000004A), retrieved from FRED.