Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Tennessee
U2UNEM2TN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-53.57%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Tennessee that lost their jobs or completed temporary work. It is an important indicator of labor market conditions and can inform policy decisions.
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 measure represents individuals in Tennessee who have recently become unemployed, either through job loss or the end of temporary employment. This metric provides insight into the dynamics of the state's labor market and can be used to assess economic health and guide workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to understand the current state of the Tennessee labor market and its implications for the broader economy.
Key Facts
- The trend reached a peak of 4.1% during the COVID-19 pandemic in 2020.
- Tennessee's job loss rate has historically been lower than the national average.
- This metric can signal changes in hiring and firing patterns across industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Tennessee that has recently lost their job or completed temporary employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the dynamics of Tennessee's labor market, which can inform economic policy and workforce development 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 and economists closely monitor this trend to understand the current state of the Tennessee labor market and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with occasional revisions and delays due to the survey methodology.
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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 Tennessee (U2UNEM2TN), retrieved from FRED.