Unemployment Level for Idaho
UNEMPLOYID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,300.00
Year-over-Year Change
-1.12%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Idaho is a crucial economic indicator that tracks the number of unemployed individuals in the state. This metric provides insights into the health of Idaho's labor market and is closely monitored by policymakers and economists.
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 Unemployment Level for Idaho represents the total number of people in the state who are actively seeking employment but are unable to find work. This data is used to assess the state's economic performance, guide policy decisions, and inform investment strategies.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Unemployment levels are a key consideration for the Federal Reserve and state governments when determining economic and fiscal policies.
Key Facts
- Idaho's unemployment rate has averaged 3.5% over the past 5 years.
- The Unemployment Level for Idaho reached a peak of 99,000 during the COVID-19 pandemic.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Idaho measures the total number of people in the state who are actively seeking employment but are unable to find work.
Q: Why is this trend relevant for users or analysts?
A: Unemployment levels are a key indicator of the overall health of Idaho's economy and labor market, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Unemployment levels in Idaho are closely monitored by the Federal Reserve and state governments, as they inform decisions on economic and fiscal policies.
Q: Are there update delays or limitations?
A: The Unemployment Level for Idaho data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks.
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Average Weekly Hours of All Employees: Construction in Idaho
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Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Idaho
U5UNEM5ID
Number of Identified Exporters to Spain from Idaho
IDESPA475SCEN
Gross Domestic Product: Federal Civilian in Idaho
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Proprietors' Farm Income in Idaho
IDOFAR
Citation
U.S. Federal Reserve, Unemployment Level for Idaho (UNEMPLOYID), retrieved from FRED.