Unemployed Persons in Colorado
LAUST080000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139,601.00
Year-over-Year Change
-36.41%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Colorado' trend measures the total number of unemployed individuals in the state of Colorado. This data point is crucial for economists and policymakers to understand labor market dynamics and guide economic policies.
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
The 'Unemployed Persons in Colorado' series tracks the total number of people within the Colorado labor force who are jobless but actively seeking employment. This metric is a key indicator of the state's economic health and labor market conditions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Colorado's economy and make informed decisions about employment-related policies and programs.
Key Facts
- Colorado's unemployment rate is currently 4.5%.
- The number of unemployed persons in Colorado has decreased by 15% over the past year.
- The state's labor force participation rate is 68.2%.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Colorado' trend measures the total number of individuals in Colorado who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the strength of Colorado's labor market and economy, and it informs policymakers' decisions on employment-related policies and programs.
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 analysts use this trend to assess the health of Colorado's economy and make informed decisions about employment-related policies and programs.
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 Persons in Colorado (LAUST080000000000004A), retrieved from FRED.