Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Mississippi
U1UNEM1MS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-64.29%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Mississippi that has been unemployed for 15 weeks or longer. It provides insights into the long-term unemployment dynamics 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 Persons Unemployed 15 Weeks or Longer data series tracks the share of the civilian labor force in Mississippi that has been jobless for an extended period. This metric is closely monitored by economists and policymakers to gauge labor market conditions and the pace of economic recovery.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
This trend is used to inform economic policy decisions and analyze the health of the Mississippi labor market.
Key Facts
- Mississippi's long-term unemployment rate reached a high of 5.5% in 2010.
- The trend has improved since the Great Recession, falling to 1.5% in 2022.
- Long-term joblessness remains a key concern for policymakers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Mississippi that has been unemployed for 15 weeks or longer.
Q: Why is this trend relevant for users or analysts?
A: The long-term unemployment rate is a critical indicator of labor market health and the pace of economic recovery in Mississippi.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric informs economic policy decisions and is used by analysts to assess the labor market conditions in Mississippi.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Mississippi (U1UNEM1MS), retrieved from FRED.