Total Unemployed, as a Percent of the Civilian Labor Force for Missouri
U3UNEM3MO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-21.74%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Missouri that is currently unemployed. It is a key indicator of labor market conditions and economic health in the state.
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 total unemployed as a percent of the civilian labor force represents the share of the Missouri workforce that is jobless but actively seeking employment. This metric is widely used by economists and policymakers to assess the strength of the state's economy and evaluate the need for potential interventions.
Methodology
The data is collected through monthly household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Tracking this trend is important for understanding Missouri's economic performance and guiding state-level policy decisions.
Key Facts
- Missouri's unemployment rate was 3.2% as of the latest data.
- The state's unemployment has decreased by 1.5 percentage points over the past year.
- Unemployment in Missouri remains below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Missouri that is currently unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the strength of Missouri's labor market and overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Missouri's economy and inform decisions about potential interventions or policy changes.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Total Unemployed, as a Percent of the Civilian Labor Force for Missouri (U3UNEM3MO), retrieved from FRED.