Unemployment Level for Missouri
UNEMPLOYMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111,300.00
Year-over-Year Change
-21.23%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Missouri measures the total number of unemployed individuals in the state. This key economic indicator provides insights into the state's labor market and is closely watched 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 Missouri represents the total number of people in the state who are actively seeking work but unable to find employment. This metric is a crucial gauge of the health and stability of Missouri's economy and labor force.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Level for Missouri is widely used by economists, policymakers, and businesses to assess the state's economic conditions and inform decision-making.
Key Facts
- Missouri's unemployment level reached a high of 6.9% in April 2020 during the COVID-19 pandemic.
- The state's unemployment level has generally trended downward since the Great Recession, indicating a strengthening labor market.
- Fluctuations in Missouri's unemployment level are closely tied to changes in the state's overall economic performance.
FAQs
Q: What does the Unemployment Level for Missouri measure?
A: The Unemployment Level for Missouri measures the total number of people in the state who are actively seeking work but unable to find employment.
Q: Why is the Unemployment Level for Missouri relevant for users or analysts?
A: The Unemployment Level for Missouri is a key economic indicator that provides insights into the state's labor market and overall economic conditions, which is crucial information for policymakers, businesses, and individuals.
Q: How is the Unemployment Level for Missouri data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Unemployment Level for Missouri used in economic policy?
A: The Unemployment Level for Missouri is widely used by economists, policymakers, and businesses to assess the state's economic conditions and inform decision-making, such as policies related to employment, workforce development, and economic stimulus.
Q: Are there any update delays or limitations with the Unemployment Level for Missouri data?
A: The Unemployment Level for Missouri data is typically released on a monthly basis, with some potential for minor delays in publication. The data may also be subject to revisions as more information becomes available.
Related Trends
Average Weekly Hours of Production Employees: Wholesale Trade in Missouri
SMU29000004100000007A
All Employees: Financial Activities: Finance and Insurance in Missouri
SMU29000005552000001
Implicit Regional Price Deflator: Metropolitan Portion for Missouri
MOMPIRPD
Average Hourly Earnings of Production Employees: Manufacturing in Missouri
SMU29000003000000008A
Gross Domestic Product: Military in Missouri
MOGOVFEDMILNGSP
Durable Manufacturing Wages and Salaries in Missouri
MOWDUR
Citation
U.S. Federal Reserve, Unemployment Level for Missouri (UNEMPLOYMO), retrieved from FRED.