Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Estonia
Quarterly, Not Seasonally Adjusted
LFHU24MAEEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,333.33
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2025
Summary
This series measures the quarterly unemployment rate for the U.S. metropolitan area of Hempstead, NY, not seasonally adjusted. It provides crucial economic insights for policymakers and analysts.
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 Quarterly, Not Seasonally Adjusted unemployment rate tracks the percentage of the civilian labor force in the Hempstead, NY metropolitan area that is jobless but actively seeking employment. This metric is widely used to assess local economic conditions and labor market dynamics.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This unemployment rate trend is closely monitored by regional policymakers and economists to inform economic and workforce development strategies.
Key Facts
- Hempstead, NY is a major metropolitan area in New York.
- The unemployment rate peaked at 10.2% in Q2 2020 due to the COVID-19 pandemic.
- The rate has since declined to 5.1% as of Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly unemployment rate for the Hempstead, NY metropolitan area, not adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Hempstead unemployment rate provides crucial insights into the local labor market and economic conditions, which informs policy decisions and business strategies.
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: Regional policymakers and economists closely monitor this unemployment rate to develop effective economic and workforce development strategies for the Hempstead metropolitan area.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several weeks, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHU24MAEEQ647N), retrieved from FRED.