Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Minnesota
U2UNEM2MN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-44.83%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Minnesota that consists of job losers and persons who have completed temporary jobs. It provides insights into the state's labor market dynamics and unemployment levels.
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 indicator represents individuals in Minnesota who have recently lost their jobs or finished temporary employment. This statistic is used by economists and policymakers to gauge the labor market's health and the impact of economic conditions on workers.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by state and federal policymakers to inform labor market policies and assess the effectiveness of economic interventions.
Key Facts
- Minnesota's job losers and temporary job completers made up 3.1% of the civilian labor force in 2022.
- This indicator has declined from a peak of 5.2% during the COVID-19 pandemic.
- The trend provides insights into the state's economic recovery and job market resilience.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Minnesota that consists of individuals who have recently lost their jobs or completed temporary employment.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health of Minnesota's labor market and the impact of economic conditions on workers, which is valuable information for policymakers, economists, and labor market analysts.
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: This trend is closely monitored by state and federal policymakers to inform labor market policies and assess the effectiveness of economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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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 Minnesota (U2UNEM2MN), retrieved from FRED.