Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Idaho
U2UNEM2ID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-15.00%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Idaho who have lost their jobs or completed temporary jobs. It provides insight into the level of labor market churn and worker displacement 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 Job Losers and Persons Who Completed Temporary Jobs metric tracks individuals who are no longer employed, either due to losing their permanent position or finishing a temporary contract. This data point is used by economists and policymakers to assess the health and resilience of the Idaho labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This metric is relevant for understanding employment trends, labor market dynamics, and the overall economic climate in Idaho.
Key Facts
- Idaho's job losers and temporary workers represented 3.6% of the civilian labor force in 2022.
- This metric reached a peak of 7.4% in Idaho during the COVID-19 recession.
- The series dates back to 1976, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Idaho who have lost their jobs or completed temporary work assignments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market churn, worker displacement, and the overall health of the Idaho economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess employment trends, labor market dynamics, and the overall economic climate in Idaho.
Q: Are there update delays or limitations?
A: This series is updated monthly with a typical 1-2 month delay, providing timely data on the Idaho labor market.
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Citation
U.S. Federal Reserve, Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Idaho (U2UNEM2ID), retrieved from FRED.