Unemployed Persons in Montana
LAUST300000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,125.00
Year-over-Year Change
-41.77%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Montana' data series tracks the number of unemployed individuals in the state of Montana. This metric is closely watched by economists and policymakers to assess the health of the state'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
The 'Unemployed Persons in Montana' data series represents the total number of residents in Montana who are without jobs but actively seeking employment. This statistic is a key indicator of labor market conditions and can inform policy decisions related to employment, economic development, and social support programs.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the effectiveness of state-level economic and workforce initiatives.
Key Facts
- Montana's unemployment rate has averaged around 4% over the past decade.
- The state's unemployment levels tend to be lower than the national average.
- Seasonal variations in unemployment are common, with higher rates during winter months.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Montana' data series tracks the number of residents in Montana who are without jobs but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions in Montana and can inform policy decisions related to employment, economic development, and social support programs.
Q: How is this data collected or calculated?
A: The data is collected through monthly 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 metric to evaluate the effectiveness of state-level economic and workforce initiatives in Montana.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference period.
Related Trends
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Commercial Carbon Dioxide Emissions, Coal for Montana
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Residential Carbon Dioxide Emissions, Distillate Fuel for Montana
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Citation
U.S. Federal Reserve, Unemployed Persons in Montana (LAUST300000000000004A), retrieved from FRED.