Number of Civilians Unemployed for 15 Weeks or Longer for Washington
UNEMP15WA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,500.00
Year-over-Year Change
-38.45%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the number of civilians in Washington state who have been unemployed for 15 weeks or longer. It provides insight into the duration of unemployment and is a key indicator of labor market conditions.
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 'Number of Civilians Unemployed for 15 Weeks or Longer' statistic tracks the total number of Washington residents who have been out of work for an extended period. This data point is used by economists and policymakers to analyze the underlying strength of the state's economy and labor force.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This trend is closely monitored by the Federal Reserve and other agencies to inform economic and employment policies.
Key Facts
- Washington's long-term unemployment rate is currently X.X%.
- The state's long-term unemployed population has increased/decreased by Y% over the past Z years.
- Long-term joblessness tends to rise during recessions and fall during economic expansions.
FAQs
Q: What does this economic trend measure?
A: This statistic tracks the number of civilians in Washington state who have been unemployed for 15 weeks or longer. It provides insight into the duration of joblessness in the state.
Q: Why is this trend relevant for users or analysts?
A: The long-term unemployment rate is a key indicator of labor market conditions and the underlying strength of the state's economy. It helps economists and policymakers assess employment challenges and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This statistic is closely monitored by the Federal Reserve and other agencies to inform employment and economic policies for the state of Washington.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into Washington's labor market conditions.
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Citation
U.S. Federal Reserve, Number of Civilians Unemployed for 15 Weeks or Longer for Washington (UNEMP15WA), retrieved from FRED.