Total Unemployed, as a Percent of the Civilian Labor Force for Montana
U3UNEM3MT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
-13.16%
Date Range
10/1/2003 - 7/1/2024
Summary
The Total Unemployed, as a Percent of the Civilian Labor Force for Montana, is a key economic indicator that measures the share of the state's active labor force that is currently unemployed.
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 trend provides insights into the overall health of Montana's labor market and the extent of joblessness among the state's working-age population. It is closely monitored by economists, policymakers, and investors to assess the state's economic performance and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used to inform economic policy and gauge the effectiveness of labor market interventions.
Key Facts
- Montana's unemployment rate was 3.4% as of the latest data.
- The state's unemployment rate is below the national average.
- The unemployment trend has been declining in Montana over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Montana's civilian labor force that is currently unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health of Montana's labor market and is used by economists, policymakers, and investors to assess the state's economic performance.
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: The unemployment rate is a key indicator used to inform economic policy decisions and gauge the effectiveness of labor market interventions in Montana.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a slight delay in reporting.
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Citation
U.S. Federal Reserve, Total Unemployed, as a Percent of the Civilian Labor Force for Montana (U3UNEM3MT), retrieved from FRED.