Total Unemployed, as a Percent of the Civilian Labor Force for Arkansas
U3UNEM3AR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-27.08%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Total Unemployed, as a Percent of the Civilian Labor Force for Arkansas' metric tracks the share of the state's workforce that is actively seeking employment but unable to find it.
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
This series represents the official unemployment rate for the state of Arkansas, a key indicator of economic health and the effectiveness of policies aimed at promoting job creation and workforce participation.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor state-level unemployment trends to gauge the strength of regional labor markets and inform decisions on fiscal and monetary policy.
Key Facts
- Arkansas' unemployment rate was 3.8% as of the latest data.
- The state's unemployment rate has declined by 2 percentage points over the past year.
- Unemployment in Arkansas is currently below the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the share of Arkansas' civilian labor force that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The state unemployment rate is a key indicator of the health of Arkansas' labor market and broader economy, informing policy decisions and business investment.
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 monitor state-level unemployment trends to gauge regional labor market conditions and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Unemployed, as a Percent of the Civilian Labor Force for Arkansas (U3UNEM3AR), retrieved from FRED.