Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for North Carolina
U2UNEM2NC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-35.71%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in North Carolina who have lost their jobs or completed temporary jobs. It provides insights into the state's labor market conditions and unemployment dynamics.
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 trend tracks the share of the North Carolina civilian labor force that has recently experienced job loss or temporary work completion. This metric is a key indicator of labor market health and can inform economic policy decisions.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to gauge the strength of the North Carolina labor market.
Key Facts
- North Carolina's job loss rate was 2.5% in 2022.
- The state's job loss rate peaked at 7.1% during the COVID-19 pandemic.
- Temporary job completions account for about 20% of the total job loss metric in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in North Carolina who have recently lost their jobs or completed temporary employment.
Q: Why is this trend relevant for users or analysts?
A: The Job Losers and Persons Who Completed Temporary Jobs trend provides insights into the health of North Carolina's labor market and can inform economic policy decisions.
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: Policymakers, analysts, and businesses closely monitor this trend to gauge the strength of the North Carolina labor market and inform their decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release 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 North Carolina (U2UNEM2NC), retrieved from FRED.