Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Maryland
U2UNEM2MD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-51.52%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend tracks the percentage of the civilian labor force in Maryland who have either lost their jobs or completed temporary employment.
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 temporary workers metric provides insight into the labor market churn and transition dynamics in Maryland. It is an important economic indicator used by policymakers and analysts to assess the health and resilience of the state's employment situation.
Methodology
This data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this metric can inform workforce development policies and business cycle analysis in Maryland.
Key Facts
- Maryland's job losers and temporary workers rate was 3.4% in 2022.
- This metric hit a peak of 8.2% during the COVID-19 pandemic in 2020.
- The long-term average for this indicator in Maryland is around 4.5%.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of Maryland's civilian labor force that has either lost their job or completed a temporary work assignment.
Q: Why is this trend relevant for users or analysts?
A: Monitoring job losers and temporary workers provides valuable insights into the labor market's health and dynamism in Maryland.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform workforce development policies and business cycle analysis in Maryland.
Q: Are there update delays or limitations?
A: This data is typically published on a monthly basis with a short lag period.
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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 Maryland (U2UNEM2MD), retrieved from FRED.