Number of Civilians Unemployed for 15 Weeks or Longer for Louisiana
UNEMP15LA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,200.00
Year-over-Year Change
-55.97%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Number of Civilians Unemployed for 15 Weeks or Longer for Louisiana' measures the number of people in Louisiana who have been jobless for 15 weeks or more. This long-term unemployment figure is a key economic indicator that provides insights into the state's labor market health.
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 number of Louisiana residents classified as unemployed for 15 weeks or more. It is used by economists and policymakers to assess the extent of persistent joblessness and labor force attachment in the state.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Trends in long-term unemployment are closely monitored by the Federal Reserve and other agencies to inform economic and workforce development policies.
Key Facts
- Louisiana's long-term unemployment rate is higher than the national average.
- The number of Louisianans unemployed for 15+ weeks peaked during the 2008-2009 recession.
- Long-term joblessness disproportionately impacts certain demographic groups in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of civilians in Louisiana who have been unemployed for 15 weeks or longer, providing insights into persistent joblessness in the state.
Q: Why is this trend relevant for users or analysts?
A: Long-term unemployment is a key indicator of labor market health and economic conditions. Tracking this trend helps policymakers and economists assess the extent of persistent joblessness and workforce attachment issues in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in long-term unemployment are closely monitored by the Federal Reserve and other agencies to inform economic and workforce development policies in Louisiana and nationwide.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, and may be subject to revisions as additional survey responses are incorporated.
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Citation
U.S. Federal Reserve, Number of Civilians Unemployed for 15 Weeks or Longer for Louisiana (UNEMP15LA), retrieved from FRED.