Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Tennessee
U1UNEM1TN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-36.36%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the share of the civilian labor force in Tennessee that has been unemployed for 15 weeks or longer. It provides insights into the long-term unemployment dynamics within 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, as a Percent of the Civilian Labor Force for Tennessee' tracks the percentage of the state's workforce that has been jobless for an extended period. This indicator is closely monitored by economists and policymakers to assess the health of the labor market and inform policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend is used to evaluate the effectiveness of employment and training programs, as well as to inform monetary and fiscal policy decisions.
Key Facts
- Tennessee's long-term unemployment rate was 1.2% in April 2023.
- The state's long-term unemployment rate has declined from a peak of 5.3% in 2010.
- Long-term unemployment is a key indicator of labor market distress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Tennessee that has been unemployed for 15 weeks or longer, providing insights into the state's long-term unemployment dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to assess the health of the labor market and inform policy decisions, as it provides insights into the extent of long-term unemployment in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the effectiveness of employment and training programs, as well as to inform monetary and fiscal policy decisions at the state and national levels.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a slight delay in publication. There may be limitations in accurately capturing all long-term unemployed individuals within the state.
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Citation
U.S. Federal Reserve, Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Tennessee (U1UNEM1TN), retrieved from FRED.