Insured Unemployment Rate in Maryland
MDINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
21.28%
Date Range
5/27/2006 - 7/19/2025
Summary
The Insured Unemployment Rate in Maryland measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits. This metric provides insights into the state's economic health and labor market 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 Insured Unemployment Rate tracks the proportion of Maryland's insured workforce that is jobless and receiving unemployment compensation. It is a key indicator used by policymakers and economists to assess the state's economic performance and the effectiveness of its labor market policies.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on state unemployment insurance claims.
Historical Context
This trend is closely monitored by government agencies, researchers, and businesses to inform economic and workforce development strategies.
Key Facts
- Maryland's insured unemployment rate was 3.2% in March 2023.
- The rate has declined from a pandemic high of 12.5% in April 2020.
- Insured unemployment reflects only those workers eligible for and claiming benefits.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Maryland measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Maryland's economic health and labor market conditions, making it a key indicator used by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on state unemployment insurance claims.
Q: How is this trend used in economic policy?
A: The Insured Unemployment Rate in Maryland is closely monitored by government agencies, researchers, and businesses to inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be delays in reporting due to the nature of unemployment insurance claims.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Maryland (MDINSUREDUR), retrieved from FRED.