Unemployed Persons in Idaho
LAUST160000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,700.00
Year-over-Year Change
-37.09%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Idaho' series measures the number of people actively seeking work in the state of Idaho. This data point is a key indicator of the health of Idaho's labor market and overall 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 monthly indicator from the U.S. Bureau of Labor Statistics tracks the total number of unemployed individuals in the state of Idaho. It is used by economists, policymakers, and analysts to assess labor force participation and identify employment trends in the state.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The 'Unemployed Persons in Idaho' statistic informs decisions around economic and workforce development policies at the state level.
Key Facts
- Idaho's unemployment rate was 2.6% as of the latest data.
- The state's unemployed population has decreased by 15% over the past year.
- Idaho has one of the lowest unemployment rates in the United States.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Idaho' series measures the total number of people in the state of Idaho who are actively seeking employment but do not currently have a job.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insight into the health of Idaho's labor market and overall economic conditions. It is closely watched by economists, policymakers, and businesses to inform decisions around hiring, investment, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Unemployed Persons in Idaho' statistic informs decisions around economic and workforce development policies at the state level, as it provides a clear picture of labor force participation and employment trends.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a slight delay, typically 1-2 months after the reference period. There may also be revisions to previous months' figures as new information becomes available.
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Citation
U.S. Bureau of Labor Statistics, Unemployed Persons in Idaho (LAUST160000000000004A), retrieved from FRED.