State Unemployment Benefits in Missouri
MOOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238,125.00
Year-over-Year Change
16.84%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Missouri' indicator tracks the number of people receiving unemployment insurance benefits in the state of Missouri. This trend is closely watched by economists and policymakers to assess the state's labor market conditions and economic health.
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 MOOBEN series measures the total number of people in Missouri who are receiving unemployment insurance payments from the state government. This data provides insight into the levels of joblessness and economic hardship in the state, which is useful for evaluating the performance of the local labor market and guiding policy decisions.
Methodology
The data is collected by the U.S. Department of Labor through reports from the Missouri Department of Labor and Industrial Relations.
Historical Context
Unemployment benefit trends are monitored by government agencies, economists, and investors to gauge the strength of the regional economy and labor force.
Key Facts
- Missouri's unemployment benefits reached a peak of over 380,000 claims during the COVID-19 pandemic.
- The MOOBEN series has been tracked by the Federal Reserve since 1986.
- Unemployment benefit data is used to calculate the Missouri unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Missouri' indicator tracks the number of people in Missouri receiving unemployment insurance payments from the state government.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into levels of joblessness and economic hardship in Missouri, which is useful for evaluating the state's labor market performance and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through reports from the Missouri Department of Labor and Industrial Relations.
Q: How is this trend used in economic policy?
A: Unemployment benefit trends are monitored by government agencies, economists, and investors to gauge the strength of the regional economy and labor force.
Q: Are there update delays or limitations?
A: The MOOBEN series is updated regularly by the Federal Reserve but may have a short delay compared to real-time labor market conditions.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Missouri (MOOBEN), retrieved from FRED.