Unemployed Persons in Wisconsin
LAUST550000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,512.00
Year-over-Year Change
-55.62%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Wisconsin' trend measures the total number of unemployed individuals in the state of Wisconsin. This metric is vital for economists and policymakers to assess the health of the state's labor market and inform workforce development strategies.
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 number of people residing in Wisconsin who are jobless, available for work, and actively seeking employment. It is a key indicator of economic conditions and helps identify areas that may require targeted employment programs or other policy interventions.
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 monitor Wisconsin's economic performance and make informed decisions regarding workforce and economic development programs.
Key Facts
- Wisconsin's unemployment rate was 3.1% as of the latest data.
- The number of unemployed persons in Wisconsin has decreased by 15% over the past year.
- The state's labor force participation rate is 66.4%, higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Wisconsin' trend measures the total number of people residing in Wisconsin who are jobless, available for work, and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the health of Wisconsin's labor market and informing workforce development strategies for policymakers 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: Policymakers and analysts use this trend to monitor Wisconsin's economic performance and make informed decisions regarding workforce and economic development programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a short delay for data collection and processing.
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Citation
U.S. Federal Reserve, Unemployed Persons in Wisconsin (LAUST550000000000004A), retrieved from FRED.