Insured Unemployment Rate in Maine
MEINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
-13.13%
Date Range
6/17/2006 - 8/9/2025
Summary
The Insured Unemployment Rate in Maine measures the proportion of the state's insured labor force that is receiving unemployment insurance benefits. This metric is a key indicator of labor market conditions and economic performance in the state.
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 percentage of workers enrolled in the Maine unemployment insurance program who are currently receiving benefits. This data point provides insight into the health of the state's labor market and the economic climate for businesses and job seekers.
Methodology
The data is collected and reported by the Maine Department of Labor based on claims filed with the state's unemployment insurance program.
Historical Context
Policymakers and economists closely monitor the Insured Unemployment Rate to assess the need for labor market interventions and the overall economic trajectory of Maine.
Key Facts
- Maine's Insured Unemployment Rate averaged 2.8% in 2022.
- The rate peaked at 11.9% in April 2020 during the COVID-19 pandemic.
- Insured unemployment data is released monthly by the Maine Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Maine measures the percentage of the state's insured labor force that is currently receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Maine's labor market and is a key indicator of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Maine Department of Labor based on unemployment insurance claims filed in the state.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Insured Unemployment Rate to assess labor market conditions and inform decisions around economic interventions and support programs.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal lag, providing timely information on the state's labor market trends.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Maine (MEINSUREDUR), retrieved from FRED.